What happens to total market supply as n goes to infinity

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Reference no: EM131097319

Demand is linear: p= A-by; cost is cy (marginal cost is c).

What is oligopoly price and quantity when there are players?

a. What happens if n=1?

b. How does total market supply compare to monopoly supply and competitive equilibrium when n=2?

c. What happens to the total market supply as n goes to infinity?

Reference no: EM131097319

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