What is the nash equilibrium for two-firm cournot game

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Consider the following two-firm Cournot game. Suppose market demand is given by the equation P=24-Q, where Q= qA+qB. Suppose each firm has only four options: 6,7,8, or 9 units of output. Also assume that firms have no cost of production, for simplicity. Use this information to complete a payoff matrix by filling in profits.

What is/are the nash equilibrium for this game? Does the dominant strategy of IEDS solution concept help justify a particular outcome in this game?

Reference no: EM13837961

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