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How do fixed costs of production affect

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Reference no: EM133102163

a) How do fixed costs of production affect the number of competitors in an industry characterized by Cournot Competition?

b) Explain how such fixed costs relate to the idea of irreversible commitments, and how irreversible commitments relate to entry deterrence.

c) What would happen in an industry where scientific advancements suddenly granted access to new production technology with lower fixed cost, everything else being equal.

Reference no: EM133102163

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