Why is the Cournot equilibrium stable? (i. e. Why don't forms have any incentive to change their output levels once in equilibrium) 1) At the Cournot equilibrium, firms have no incentive too change their output levels because?2) Even if they can't collude, why don't firms set their output at the joint profit-maximizing levels? (i. e. the levels they would have chosen had they colluded)
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Home » Business » Why is the Cournot equilibrium stable? (i. e. Why don't forms have any incentive to change their output levels once in equilibrium) 1) At the Cournot equilibrium, firms have no incentive too change their output levels because?