• The Chinese government has created a fund worth more than 20 trillion won to foster the semiconductor industry. Although there is a large technological difference between memory semiconductors,...

Extracted text: • The Chinese government has created a fund worth more than 20 trillion won to foster the semiconductor industry. Although there is a large technological difference between memory semiconductors, system semiconductors can be developed in a short period of time. The number of companies producing homogeneous quality products has increased. • Question (a) In the Cournot game, when the number of firms increases from 2 to n, compare the output, total output, and profit of each firm with N.E. in the Cournot model. • Question (b) If the number of companies participating in the semiconductor market increases to infinity, that is, in a perfectly competitive market, what will be the equilibrium point?