Cournot's duopoly quantities
A duopoly is where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market in the field of industrial organization. For example, Pepsi and Coca Cola.
Cournot was a French mathematician and philosopher who created a mathematical model of an economic duopoly.
Heems probably learned about this concept from his days working in an investment firm.
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