Suppose there are n identical firms in a Cournot equilibrium. Show that the absolute value of the

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Suppose there are n identical firms in a Cournot equilibrium. Show that the absolute value of the elasticity of the market demand curve must be greater than 1/n.

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:34 AM

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Suppose there are n identical firms in a Cournot equilibrium. Show that the absolute value of the

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Intermediate Microeconomics

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