Cournot duopoly model of incomplete information A homogeneous product is produced by only two firms:firm 1 and firm 2.The quantities are denoted by q,and 42,respectively. They choose their quantities simultaneously. ■ The market price:P(O)=a-0,where a is a constant number and =q1+92. ■ Firm 1's cost function:Ci(q)=cq1. All the above are common knowledge 1111 Cournot duopoly model of incomplete information  A homogeneous product is produced by only two firms: firm 1 and firm 2. The quantities are denoted by q1 and q2 , respectively.  They choose their quantities simultaneously.  The market price: P(Q)=a-Q, where a is a constant number and Q=q1+q2 .  Firm 1’s cost function: C1 (q1 )=cq1 .  All the above are common knowledge