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Cournot model in game theory

The general process for obtaining a Nash equilibrium of a game using the best response functions is followed in order to discover a Nash equilibrium of Cournot's model for a specific cost function and demand function. A Nash Equilibrium of the Cournot model is a (q 1 ∗, q 2 ∗ {\textstyle q_{1}^{*},q_{2}^{*}}) such that