What happens to price and output in the cournot

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1. Under what conditions are the Cournot and Bertrand equilibria the same?

2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent?

Reference no: EM13190739

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What happens to price and output in the cournot : FULL karma for complete and clear response. 1. Under what conditions are the Cournot and Bertrand equilibria the same 2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent

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