Question: In the basic oligopoly model that considers quantity competition, we can derive an expression for the Nash equilibrium firm quantities in the market. We know

In the basic oligopoly model that considers quantity competition, we can derive an expression for the Nash equilibrium firm quantities in the market. We know it is a Nash equilibrium because the expression satisfies:

profit-maximization and P=MC

strategic interaction and zero fixed costs

profit-maximization and strategic interaction

profit-maximization and zero consumer surplus

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