Date of Award:

5-1966

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Advisor/Chair:

Leonard J. Arrington

Abstract

A monopolist, knowing the demand curve for his product, can in a given period produce the quantity of this product which will maximize his profit. Any larger or smaller quantity will result in less profit. When another manufacturer starts producing the same or similar product, a duopoly result. The new manufacturer, in order to maximize his profit, according to Cournot, will choose a quantity that is derived on the assumption that the original manufacturer' s quantity will remain fixed.

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Included in

Economics Commons

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