Find each firms equilibrium output and profit

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Reference no: EM13838053

Let market demand be given by the inverse demand function P = 300-2Q, where Q = q1 +q2 +...+qn. The cost function for each firm in the industry is c(qi) = F +20qi+q 2 i . Firms are Cournot competitors.

(a) Find each firm’s equilibrium output and profit (dependent on F and n).

(b) Find the range of F so that there will be 6 firms in the long run.

Reference no: EM13838053

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