The reaction pattern in the oligopoly market is determined by which of the following formula?
1
\(\frac{1}{2}\)(market demand - \(\frac{1}{2}\) current output of the rival firm)
2
\(\frac{1}{3}\)(market demand - current output of the rival firm)
3
\(\frac{1}{2}\)(market demand - \(\frac{1}{3}\)current output of the rival firm)
4
\(\frac{1}{2}\)(market demand - current output of the rival firm)