So if Firm 2 does that, if Firm 1 chooses the Cournot quantity, then Firm 2 will also choose the Cournot quantity.
So if Firm 2 produces this amount then Firm 1's best response is this amount.
If Firm 2 produces this amount then Firm 1's best response is this amount.
If Firm 1 produces more than her Cournot quantity she induces Firm 2 to produce less.
Student: If Firm 1 was going to lower their profits they wouldn't have chosen to produce more.
Conversely, if Firm 1 shut down and Firm 2 produced its monopoly quantity that would maximize industry profits.
If firm and unyielding, leave the fruit in a cool place for a couple more days to fully ripen.
If firm evidence is found of a conspiracy, coverup or obstruction of justice, Trump's impeachment could follow.
So in particular, if Firm 1 was to choose Q^1, I'm not suggesting it should, but if Firm 1 was to choose this Q^1, then Firm 1 knows that Firm 2 will produce this quantity, which is the best response to Q^1, and if Firm 1 were to choose Q^^1, then Firm 2 will respond by choosing the best response to Q^^1.
As Firm 1 produces more, or if Firm 1 were to produce more, then Firm 2 my voice is going then Firm 2 would produce what?
For example, if Firm 2 shut down and Firm 1 produced its monopoly profits, that is, a monopoly quantity, that would maximize firm profits.
