中国经济研究管理学及财务知识分析(ppt 31页)
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中国经济研究管理学及财务知识分析(ppt 31页)简介：
Two firms A and B quantity compete.
Inverse demand function
They have the same constant marginal cost, and there is no fixed cost.
By symmetry, firm B’s problem.
Figure Illustration: Response Function, Tatonnement Process
Exercise: what will happens if there are n identical Cournot competing firms? (Convergence to Competitive Equilibrium)
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