1 in a nash-cournot equilibrium does an oligopoly firm, Ask an Expert

Economics

1. In a Nash-Cournot equilibrium, does an oligopoly firm produce at less than full capacity, at full capacity, or more than full capacity? Please explain.

2. In a monopolistically competitive market, the government applies a specific tax of $1 per unit of output. What happens to the profit of a typical firm in this market? Does the number of firms in the market rise or fall? Please explain.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91994596

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