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.
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