Results as the number of cournot competitors increase

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Markets: In terms of expected output, price, consumer surplus, profits and societal welfare, compare the standard Cournot - Nash equilibrium (for the case of 2 firms), the monopoly equilibrium and the perfectly competitive equilibrium. What would happen to your results as the number of Cournot competitors increase? Explain your answer. Please provide as much information as possible.

Reference no: EM131196005

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