Assuming Cournot Behavior,what Happens to the Market Output,the Price of the Output,and

question 22

Essay

Assuming Cournot behavior,what happens to the market output,the price of the output,and each firm's output as the number of firms in a market increases?

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Definitions:

Flooding

In psychology, a therapeutic technique involving exposure to a large amount of an undesirable stimulus in order to diminish the emotional response.

Intrapersonal

Relates to internal thought processes, personal values, and self-reflection within an individual.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Affects

Refers to the experience of feeling or emotion in psychological context.