Consider a market with the inverse demand py7-y two firms


Consider a market with the inverse demand p(y)=7-y. Two firms operate in this market as Cournot competitors. Both firms have the cost function c(y)=y+F. If both firms are making nonnegative profits in the Cournot equilibrium, the fixed cost F must be no greater than ________.

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Business Economics: Consider a market with the inverse demand py7-y two firms
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