28 P=e-q --(a₁ +9₂ +...+qn) p=e Let 92 +23+...+qu=X 937. P=e-2₁-x x=nq₁ sall firms output by 'n'. At equilm, p = e-3 -2₁~2₁ = -3 9₁+9₁=3 ⇒ (1+n)q=3 same & a firms equal firm I's 28 P=e-q --(a₁ +9₂ +...+qn) p=e Let 92 +23+...+qu=X 937. P=e-2₁-x x=nq₁ sall firms output by 'n'. At equilm, p = e-3 -2₁~2₁ = -3 9₁+9₁=3 ⇒ (1+n)q=3 same & a firms equal firm I's Falls and P₂ rises d) P2 rises e) all are not possible 28. In Cournot oligopoly market, p-e is the demand function. The cost function of the th firm C-C> 0 and fixed. Let there are n number of firms. At equilibrium, price is p=e³. Then n is a) 2 b) 3 c) 4 d) 5 e) 6
