Re: doubtsss

Posted by Akshay Jain on May 31, 2014; 1:36pm
URL: http://discussion-forum.276.s1.nabble.com/doubtsss-tp7591143p7591180.html

I used the cournot competition in case of 4 firms and since all the frms face equal MC of 0 and same mkt demand curve....In eqm they vl produce eqaul quantities....
P=1000-(q1+q2+q3+q4)
evey frm i will try to mazimze total profit (w.r.t. qi) = 1000qi-(q1+q2+q3+q4)*qi
qi*=200 for all qi and thus
P=200