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1 In country A, the car industry is made of n symmetric firms, selling in total @ = 900000 units. Firms can freely enter the

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In country A, the car industry is made of n symmetric firms, selling in total @ = 900000 units. Firms can freely enter the market, but each firm is the single producer of its variety, and produces one single variety. The demand function for a given producer is: q = Q (m 30000 where p is used to denote the price the firm charges, and p the average price on the market. We assume that firms are too small to affect p. The cost function for each firm is: c(q) = 750000000 + 5000q Show Transcribed Text 1. What is the name of this market structure

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