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Question I.2 Consider i = 1,..,n identical firms engaged in a Cournot game where they simultaneously and independently choose output y, ER+ in order to

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Question I.2 Consider i = 1,..,n identical firms engaged in a Cournot game where they simultaneously and independently choose output y, ER+ in order to maximize profits (assuming that each firm correctly anticipates the output of the other firms). Let p(y) = a-y be the inverse market demand function, where a is a positive constant. Assume no fixed costs and that all firms have marginal cost 0 S c

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