Compare and contrast the output levels and profits for the Cournot,Stackelberg,and Bertrand models.Use the following cost and demand conditions for your comparison,and suppose there are two firms:
P = 1,500 - 10Q.Each firm has a marginal cost of $20 and fixed costs of zero.

Question

Compare and contrast the output levels and profits for the Cournot,Stackelberg,and Bertrand models.Use the following cost and demand conditions for your comparison,and suppose there are two firms:
 P = 1,500 - 10Q.Each firm has a marginal cost of $20 and fixed costs of zero.

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The Answer of Compare and contrast the output levels and profits for the Cournot,Stackelberg,and Bertrand models.Use the following cost and demand conditions for your comparison,and suppose there are two firms:
 P = 1,500 - 10Q.Each firm has a marginal cost of $20 and fixed costs of zero.

Compare and Contrast the Output Levels and Profits for the Cournot,Stackelberg,and