Consider the market for widgets in a country with a population of 75 million. Demand is given by D = 75 (50-p). Production technology is given by a cost ruction C= F+c q and c = 2. Suppose the Cournot model provides a good description of the way firms compete. Finally, suppose there is a large number of potential competitors.

A) Determine the free entry equilibrium number of firm. Explain fully

B)Suppose that the country's population increases by 50.%. What change will there be in the number of firms? If your answer is equal to 50% explain why. If not also explain