Teaching Cournot Without Derivatives
The author presents a simple technique for teaching the Cournot model to first-year students. The approach involves demonstrating to the students that out of all rectangles with a common perimeter, the square has the greatest area. No use is made of derivatives. The same approach can be used to understand some other market forms.
Volume (Year): 32 (2001)
Issue (Month): 1 (January)
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