Comparison of Different Solutions to a Duopoly with Isoelastic Demand Function

摘要

In a duopoly problem involving two firms in a market, the solution is a unique pair of production which can be calculated using different approaches or theories. In this short note, a duopoly with isoelastic demand function and constant cost is considered. Four different solutions to this duopoly problem are calculated and compared in terms of production, profit and price.