Question: 3.1 Required steps When completing the incustry analysis you should assume that f ms are engaged in Cournot Competition. Step 1: Using the information provided

3.1 Required steps When completing the incustry analysis you should assume that f ms are engaged in Cournot Competition. Step 1: Using the information provided in the seerario, derive a total cost function for " typical cardboard box manufacture: Use Q, to denote the quartity produced by the typica firm. (4 marks) Step 2: Derive a profit function for the typical firm. Use X to denote the combined production of the remaining three firms in the market. (n marks) Step 3: Find the profit of the typical firm fall f om's in the market sell at the current market price of $30. (8 marks) Step 4: Find the consumer surplus if all firm's a the market sell at the current market price of $30. (6 marks) Step 5: Derive I've typical finn's best-response function. (8 marks) Step 6: Find Lic equiibrium quantity and prol t for the typical firm. (11 mar

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