Cournot duopoly model of complete information The normal-form representation >Set of players f Firm 1, Firm 2) Sets of strategies:S=[0,+∞),S2=[0,+∞) Payoff functions l1(qq2)=q1(-(q1+g2)c) (qpq2)=q2(-(q+q2)c) All these information is common knowledge 10Cournot duopoly model of complete information ◼ The normal-form representation: ➢ Set of players: { Firm 1, Firm 2} ➢ Sets of strategies: S1 =[0, +∞), S2 =[0, +∞) ➢ Payoff functions: u1 (q1 , q2 )=q1 (a-(q1+q2 )-c), u2 (q1 , q2 )=q2 (a-(q1+q2 )-c) ◼ All these information is common knowledge 10