Re: ISI PEB (Economics), 2014 ANSWERS 1 TO 5..

Posted by dhruv on May 03, 2015; 9:37am
URL: http://discussion-forum.276.s1.nabble.com/ISI-PEB-Economics-2014-ANSWERS-1-TO-5-tp7595987p7596550.html

I got no. of firms = 18. Each producing 5 units of output. I used the fact that when patent expires, firm's monopoly disappears and new firms will enter the market driving the profits to zero.