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Intro to Oligopoly Part I - Transforming the Cournot Duopoly Problem Into a Basic Monopoly Problem
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In this first installment, Dr. L. gives a (less than 10 minute) crash course on how to generate the best response for a firm in the Cournot Duopoly Model by transforming the duopoly problem into a basic monopoly problem using the firm's residual demand curve.
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Intro to Oligopoly Part I - Transforming the Cournot Duopoly Problem Into a Basic Monopoly Problem
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