Find the cournot solution algebraically

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The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. What is the reaction function of oligopolist B?

find the Cournot solution algebraically.

Reference no: EM13184816

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