Suppose instead of two firms in the Cournot model with payoff functions (5.1), that there are N firms.
Formulate this model and find the optimal quantities each of the N firms should produce. Instead of a duopoly, this is an oligopoly. What happens when the firms all have the same costs and N → ∞?
Suppose instead of two firms in the Cournot model with payoff functions (5.1), that there are N firms.