In this situation, each of two companies operate based on the competitive tendencies of the other.
In this situation, each of two companies operate based on the competitive tendencies of the other. Using this information, they can settle at a higher price and lower quantity than perfect competition, but a lower price and higher quantity than a mo  nopoly. FTP, name this situation, named after an 19th century French economist.
In this situation, each of two companies operate based on the competitive tendencies of the other.
Cournot Duopoly