Research Article

Equilibrium Further Studied for Combined System of Cournot and Bertrand: A Differential Approach

Table 1

Symbol notation.

SymbolMeaning

Cost function of i company
Share of the market
Price
qQuantity
a, bParameters of inverse demand function model
Parameters of demand function model
General equilibrium quantity
General equilibrium price
General equilibrium profit
Profit of monopoly
General equilibrium quantity of combination
Price of general equilibrium quantity of combination
Profit of general equilibrium quantity of combination
General equilibrium price of combination
Quantity of general equilibrium price of combination
Profit of general equilibrium price of combination