COURNOT MODEL - CHARACTERISTICS AND APPLICABILITY (Model Cournota - charakterystyki i mozliwosci zastosowania)

The article presents Cournot model's features and characteristics and the possibility of its usage. The aim of the paper is to analyze the value of such variables as: output, price, revenue, profit in the Cournot equilibrium; depending on changes of such model's parameters as: number of firms, or value of cost function's parameters. Due to this analysis it should be easier to use the Cournot model for modeling economic processes.