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thank you in advance Exercise 22 [5]* (i) Compute the Cournot equilibrium with n firms when the firms face the inverse demand function p =

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thank you in advance

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Exercise 22 [5]* (i) Compute the Cournot equilibrium with n firms when the firms face the inverse demand function p = P(Q) = Q" (with & > 1) and have identical constant marginal cost c. (ii) Show that each firm's profit goes down when c goes up. (iii) Take n = 2. Show that q, is a strategic comple- ment for b, if o

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