An oligopolistic market has n firms producing a homogeneous good. Let qi denote the quantity produced by firm i and ci its constant marginal cost. The market demand curve is given by Q=p^-? ,
where Q= ?qi is the total quantity sold. (1Find the price P in the Cournot equilibrium ( assume that ci ' s are such that all firms produce a positive amount and that the second order conditions are satisfied). If all firms have the same marginal cost ci=c, what is the price when n=1 and when n? Discuss.