Thanks for your help:)

(Market structure and entry) Consider an industry with market demand Q = a p and an innite number of potential entrants with access to the same technology. Initially, technology is given by C = F + cg. A new technology allows for a lower marginal cost, c' F. (a) What can you say about the effect of the new technology on equilibrium price? (b) Suppose that a, = 10,F = 2,F' = 3,c = 2,0' = 1. Determine equilibrium price under each of the two technologies