Tag: Oligopoly

Price vs Quantity: The Showdown of Oligopolies

Price vs Quantity: The Showdown of Oligopolies

Many economics students you would talk to would be familiar with the Cournot and Bertrand models of competition. It’s one of the main things learnt in any industrial module or intermediate microeconomics course, encompassing duopolistic competition with the infamous Nash equilibrium – it’s a key industrial concept that highlights the differences between quantity and price…

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