Elucidate price and output determination under any two non-collusive models of Oligopoly.
Oligopoly is a market structure characterized by a small number of large firms dominating the industry. In an oligopolistic market, firms are interdependent, meaning the actions of one firm significantly impact the others. There are various models that economists use to analyze the price and output determination in oligopoly, and two prominent ones are the Cournot model and the Stackelberg model.
### Cournot Model:
The Cournot model is named after Augustin Cournot, who introduced it in 1838. In this model, firms decide their output levels simultaneously, considering the output decisions of their rivals. Each firm ________ ________ ______ ________ _____ __________ _____ _________.
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