This is for Abhatnagar. Wrapping up details.
IMPORTANT STEPS:In all Cournot and Bertrand questions the method is same. First we get reaction curves by equating MRwith MC of each firm. Solve them together to get optimal Q’s and PIn…
This is for Abhatnagar. Wrapping up details.
IMPORTANT STEPS:In all Cournot and Bertrand questions the method is same. First we get reaction curves by equating MRwith MC of each firm. Solve them together to get optimal Q’s and PIn…