Equilibrium in the Cournot Model of Duopoly is:
A)Unstable
B)Stable
C)Undefinable
D)None of these

Name: Equilibrium in the Cournot Model of Duopoly is: A)Unstable B)Stable C)Undefinable D)None of these
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In the Cournot model of duopoly, the equilibrium is stable because each firm's output decision is a best response to the output level of the other firm, leading to a stable Nash equilibrium where neither firm has an incentive to deviate unilaterally.

Equilibrium in the Cournot Model of Duopoly Is