What is the reaction function of oligopolist B?

) is the so called reation function of duopolist A in a COur Show more Question 4(a)The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb Qa gives the best or profit-maximizing level of sales of oligopolist A(reaction functions are derived in the first section of the appendix to this chapter). Show that this is the case with reference to Figure10-1.(b) What is the reaction function of oligopolist B? Problem 5 is the question but had to share question 4 in order to answer question 5. Question 5 Starting with the reaction functions of duoplists A and B from Problem 4 find the Cournot solution algebraically. Show less

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