1 Strong Induction Recall the principle of strong induction: Principle of Strong Induction. Let(n) be a predicate. If ·P() is true,and for all n, P(O)A P(1)...A P(n) implies P(n+1), then P() is true for all n E N. As an example, let's derive the fundamental theorem of arithmetic
Production — Games 1 Monopolistic Competition Monopolistic competition arises when there are a large number of price-setting firms in an industry with free entry. Suppose there are n firms. In the short run, each firm faces an nth of the market demand curve