Which of the following holds for Counot Duopoly model.

 

A. The reaction curves are derived from isoprofit maps which are convex to the axes.

 

B. The point of intersection of the two reaction curves reflects a stable equilibrium.

 

C. The reaction curves are derived from isoprofit maps which are concave to the axes.

 

D. The point of intersection of the two reaction curves reflects an unstable equilibrium.

 

E. Firm's behavioral pattern is such that they learn from past experience.

 

Choose the correct answer from the option given below: