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In the standard Cournot model with linear demand and constant marginal cost c, same for all firms, and no fixed costs, the output each firm produces in the Nash equilibrium will be 1/N of monopoly output 1/[N+1] of competitive output More than 1/N of competitive output 1/N of competitive output N/[N+1] of competitive output
In the standard Cournot model with linear demand and constant marginal cost c, same for all firms, and no fixed costs, the output each firm produces in the Nash equilibrium will be 1/N of monopoly output 1/[N+1] of competitive output More than 1/N of competitive output 1/N of competitive output N/[N+1] of competitive output
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