5.Explain the characteristic features of the Coutnot model? – InterviewSolution

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1.	5.Explain the characteristic features of the Coutnot model?
Answer» <p>TheCournot modelmakes a number of assumptions that the firms cannot collude or form a cartel, and they seek to maximize profit based on their competitors' decisions. In addition, each firm's output decision is assumed to affect the product price. French mathematician AugustinCournotintroduced themodelin 1838</p>

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