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Business, 25.12.2020 16:00 dogsb4doods

Show how the Cournot equilibrium for n firms changes if each firm faces a fixed cost of F as well as a constant marginal cost per unit. Let market demand be pabQ, where a and b are positive parameters with n firms. Assuming it is optimal for the firms to produce, a typical firm's best-response function with fixed costs, F, is: qi = nothing. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E. g., a fraction can be created with the / character.)

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Show how the Cournot equilibrium for n firms changes if each firm faces a fixed cost of F as well as...
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