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A Firm's First-Order Condition from the Cournot Game with General P(Q)qiCi(qi)=0P ( Q ) q _ { i } - C _ { i } \left( q _ { i } \right) = 0

Question 17

Multiple Choice

A firm's first-order condition from the Cournot game with general demands and costs is  A firm's first-order condition from the Cournot game with general demands and costs is   A)   P ( Q )  q _ { i } - C _ { i } \left( q _ { i } \right)  = 0  . B)   P ( Q )  - C _ { i } ^ { t } \left( q _ { i } \right)  = 0  . C)   P ( Q )  + P ^ { t } ( Q )  \sum _ { j = 1 } ^ { n } q _ { j } - C _ { i } ^ { t } \left( q _ { i } \right)  = 0  . D)   P ( Q )  + P ^ { t } ( Q )  q _ { i } - C _ { i } ^ { t} \left( q _ { i } \right)  = 0  .


A) P(Q) qiCi(qi) =0P ( Q ) q _ { i } - C _ { i } \left( q _ { i } \right) = 0 .
B) P(Q) Cit(qi) =0P ( Q ) - C _ { i } ^ { t } \left( q _ { i } \right) = 0 .
C) P(Q) +Pt(Q) j=1nqjCit(qi) =0P ( Q ) + P ^ { t } ( Q ) \sum _ { j = 1 } ^ { n } q _ { j } - C _ { i } ^ { t } \left( q _ { i } \right) = 0 .
D) P(Q) +Pt(Q) qiCit(qi) =0P ( Q ) + P ^ { t } ( Q ) q _ { i } - C _ { i } ^ { t} \left( q _ { i } \right) = 0 .

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