Home country problem, Home Country: Given that the total

Home country problem

Reference no: EM13699478

Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the cars in the Home country. Draw a diagram illustrating the model.

Reference no: EM13699478

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