(IME2) Chapter 4 - Video 2: Cournot Duopoly Model (The Basics).

In this episode, I introduce the basics of the Cournot duopoly model and explain how to find best-reply functions. It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.