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2. [40%] Consider a Cournot competition with n firms, each with a unit cost ci0,j=1,,n. Let qi denote the quantity produced by firm i,Q=q1++qn denote
2. [40\%] Consider a Cournot competition with n firms, each with a unit cost ci0,j=1,,n. Let qi denote the quantity produced by firm i,Q=q1++qn denote the aggregate quantity on the market, and P denote the market-clearing price with an inverse demand is given by P(Q)=aQ, where Q
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