Consider the familiar demand and cost conditions: Market Demand: P(Q) = a – bQ Firm Cost: C(q) = cq Following the model we developed in class, please solve for the Cournot equilibrium if there are n (could be any number) number of identical firms in the industry. Please find: Price Quantity produced by an individual firm (q) Total quantity produced for the market (Q) Profit for a single firm

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