In the Cournot Duopoly Model,the Reaction Curve Shows

question 82

Multiple Choice

In the Cournot duopoly model,the reaction curve shows:

• A)one firm's best possible price as a function of the profit of the other firm.
• B)one firm's most possible profit as a function of the costs of the other firm.
• C)one firm's best possible revenue as a function of the profit of the other firm.
• D)one firm's most profitable output as a function of the output of the other firm.

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