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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 31

8.5 Cournot and Stackelberg

A teaching model for this topic. Its illustrative numbers may differ from the worked question.

  1. 01Predict
  2. 02Try
  3. 03Explain
  4. 04Challenge

How do costs change both best responses?

Illustrative model numbers, not Thailand or current economic data.

In Cournot, when both firms’ costs rise, what happens to total output?