ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Assume that demand is linear: P(Q) = A bQ, where Q = qi, and that
all firms have the same cost function: C; = cq; + f. What is the free-entry
number of firms, assuming Cournot competition?
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Transcribed Image Text:Assume that demand is linear: P(Q) = A bQ, where Q = qi, and that all firms have the same cost function: C; = cq; + f. What is the free-entry number of firms, assuming Cournot competition?
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