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Answer to Question #58688 in Microeconomics for priyanka mishra

Question #58688
Assume that there are four firms supplying a homogenous product. They have
identical cost functions given by C (Q) = 40 Q. If the demand curve for the
industry is given by μ = 100-Q
find the equilibrium industry output if the producers are Cournot competitors.
What would be the resultant market price? What are the profits of each firm?
1
Expert's answer
2016-03-26T09:11:04-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-58688.pdf

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