Firms compete for market share via quantity competition

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Assume there are N firms A1 , . . ., AN serving a market with demand given by D(p). Assume that these firms compete for market share via quantity competition. Finally, let cAi (Q) denote the cost function for firm Ai. Describe this environment as a game (i.e. specify who the players are, their (resp.) strategy sets, and their (resp.) payoffs as a function of these strategies.)

Reference no: EM13771758

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