Hello. This is Industrial Economics

3) Social Welfare in Cournot Competition i) Consumer Surplus: CS = (A - u) du - (A - Q)Q = AQ - - - AQ + 02 = = = =(2A - C1 - (2)? 2 ii) Producer Surplus: PS = 1 + 12 = = (A- 20, + (2)? +- (A + c - 262)? ili) Social Welfare is aggregate sum of consumer and producer surplus: - (2A - C1 - C2)2 + - (A - 201 + 62)? + = (A + c - 202)