Oligopoly: Three-Firm Cournot Model

[@Kjettaaa]

With equal firm structure, you can use their symmetry to say q1=q2=q3=q3c. Use this to calculate the first reaction function. Q=20-1/2Q-1/2Q --> 2Q=20 --> Q=10

[@xinyuzhou2378]

Thank you for slowing down the pace, rly appreciate your video

[@sabrinadillon5439]

Can you please do a Stackelberg with three firms Making firm 1 leader and 2 and 3 follower with same marginal cost

[@jaffaraman3335]

What a wonderful explanation is this made

[@NathyFrisch]

Hi I am desperate how to solve the Cournot problem for n firms. Especially the reaction function is getting messy... thx for your help

[@hughesgabriels2604]

4:03 : Just solve for q1 = q2 = q3, you're waisting your time...

[@tschingi804]

This is supposed to be a friendly nooby explanation, so of course he does it step by step

[@Abcilswd]

Use the following equation when the market demand is known, the N greater than 2 firms; N firms have the same MC : a is the interception 100, c is the marginal cost, b is the slop 2. N is the number of firms 3 each firm produces q is : (a-c)/(N+1)b= (100--20)/(3+1)2=10 units then substitutes 10 in the p=100--2Q=100--2(3 firms x10)=40, Price is 40.

[@Non-disjunction]

Thanks once again for helping me in my meanwhile 4th different economic course :)

[@hassanayo6368]

You are a life saver, thanks a lot

[@hanahchung6091]

what would you do if you wanted the reaction function of firm 1 only using the output of firm 2?

[@marcmestanas2277]

how do you do this is if its stackleberg?

[@marwawasit8953]

شكرًا استاذ

[@adityanikam999]

Can we do this for 4 firms using the same method?

[@faithluckson]

for 2 firms P= 100- Q but why did u use P= Q-2Q?

[@CinemaDoll137]

what if there's a capacity limit on the firms

[@razamia5953]

Love you Man , ur the Best

[@jungwoowhoo]

thank you so much!

[@yannigao8685]

Thank you

[@Real4Bas]

Thank you!

[@Gerson920426]

Thanks

[@huyenlethu687]

thank u

[@alokhl96]

Its a symmetric equilibrium, why would you make it so complex, lol.

[@chasecallister6724]

lifesaver

[@EconomicsinManyLessons]

Awesome!

[@caitlynlim]

TY!

[@Neha-tk3hc]

What if firm 2 nd 3 merge and form a single firm....should we let ( q2+q3 ) = q' ....nd then proceed as 2 firms method.....plz rply

[@MaxBFs]

Tnx!

[@acnotinforever561]

Sir you are the best... I love you...but I'm not gay...

[@thuytien260794]

why did you make it 20 mins long though it could easily be done in 5??? just solve Q2 and q3 for Q1 as Q1 = Q2 = Q3. that results from MC1 = MC2 = MC3. you think too much man.

[@joelcuerrier3655]

too many ads!!!