Three criticisms are frequently raised against the use of the Courtnot oligopoly model: 1)firms normally choose prices, not quantities; 2) firms don't normally make their decisions simultaneously, 3) firms are frequently ignorant of their rival's cost; in fact, they do not use the notion of subgame perfect equilibrium when making their strategic decsions.
For each of these criticisms, develop an argument in defense of the Cournot Model.
谢谢,中文英文都可以。.
再次感谢...