Suppose that there were three identical firms instead of only two under the cost and market demand

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Suppose that there were three identical firms instead of only two under the cost and market demand conditions out-lined in Section 13.2. What would be the Cournot equilibrium in terms of each firm’s output as well as the total market out-put? If there were four identical firms sharing the market?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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