Date of Award:
Master of Science (MS)
Economics and Finance
Leonard J. Arrington
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.
Johnson, Gordon E., "The Dynamics of Duopoly" (1966). All Graduate Theses and Dissertations. 2805.
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