Applying mathematics to solve for the Nash equilibrium points in some Cournot models

Abstract

Optimization is a scientific category that is of great interest in research and application in practice, especially in economics, because it helps solve the inevitable and objective needs of producers and consumers. The article illustrates how to find Nash equilibrium through a number of Cournot competition models, this is one of the solutions to the profit maximization model of many businesses operating in the same field.