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Game Theory Lecture Jan 18 Game Theory Lecture Jan 18

Game Theory Lecture Jan 18 - PowerPoint Presentation

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Uploaded On 2018-11-04

Game Theory Lecture Jan 18 - PPT Presentation

In Bertrands model of oligopoly Each firm chooses its quantity as the best response to the quantity chosen by the others Each firm chooses its price as the best response to the price chosen by the others ID: 713144

response player price function player response function price firm quantity reaction firms cost output effort functions graph players total

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