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The inverse demand function is given by P(q). The equilibrium quantity qe is determined by the number of firms in the market: 9e(n). (a) (2 pt) What is the consumer surplus CS? Describe CS as a function of n using the inverse demand function P(q). (Hint: use a integration method, but do not use the demand function P(q)-!.) (b) (2 pt) How much does CS change when the number of firms changes? That is, find des
DATE. (n) (P P13)dq-P19en).Geln)
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