Question: Consider i = 1, .., n identical firms that simultaneously and independently choose out- put y ( R+ in order to maximize profits. Let p(y)

Consider i = 1, .., n identical firms that simultaneously and independently choose out- put y ( R+ in order to maximize profits. Let p(y) = a - y be the inverse market demand function, where a is a positive constant. Assume no fixed costs and that all firms have marginal cost 0

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