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Please , if you could help me with the questions below, i would greatly appreciate it. i am not doing so well in this course,

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Please , if you could help me with the questions below, i would greatly appreciate it.

i am not doing so well in this course, and really cannot afford to get any more questions wrong.

I would prefer if you included an explanation in your answer. however if not, it is ok!

Thank you vey much and God bless

image text in transcribedimage text in transcribed
Problem PS7.2.4 point possible (graded) Now, let's go back to the case where all firms have the same cost function. In class we saw the Cournot competition model for two firms. Now, we are going to get you through the Cournot model with three firms. Assume that demand for a good is given by p = a - bQ, and that there are 3 firms competing in quantity with a constant marginal cost c

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