A monopolist, knowing the demand curve for his product, can in a given period produce the quantity of this product which will maximize his profit. Any larger or smaller quantity will result in less profit. When another manufacturer starts producing the same or similar product, a duopoly result. The new manufacturer, in order to maximize his profit, according to Cournot, will choose a quantity that is derived on the assumption that the original manufacturer' s quantity will remain fixed.
| Identifer | oai:union.ndltd.org:UTAHS/oai:digitalcommons.usu.edu:etd-3826 |
| Date | 01 May 1966 |
| Creators | Johnson, Gordon E. |
| Publisher | DigitalCommons@USU |
| Source Sets | Utah State University |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | All Graduate Theses and Dissertations |
| Rights | Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact digitalcommons@usu.edu. |
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