On Complex Dynamics of Differentiated Products: Cournot Duopoly Model under Average Profit Maximization

Figure 1

(a)–(d) 1D bifurcation diagram on varying both and at , and (or ) on varying (or on varying ). (e) The phase plane of period-8 cycle at , and . (f) The phase plane of one-piece chaotic attractor at , and . (g) Two-piece chaotic attractor at , and . (h) Two-piece chaotic attractor at , and .

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