what they did. [max: 150 words] [10 MARKS] Suppose that n > 2 firms compete in quantities and have managers whose utility positively depends on both their firm's profit and the quantity it produces. (a) [5 MARKS] Without doing any calculations, explain whether the fact that the man- agers care about producing more (rather than just maximising profit) makes the market more or less competitive. [max: 100 words] (b) [5 MARKS] Does your answer change if firms compete in prices? [max: 100 words] 4. [10 MARKS] Cone