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QUESTION
Suppose there is a dierent market in which three identical rms compete in a Cournotgame. Find the output of each rm, consumer surplus and prot each...
Suppose there is a different market in which three identical firms compete in a Cournotgame. Find the output of each firm, consumer surplus and profit each firm earns. (5points)Demand: Q = 220 − 2P
MC = AC = 5(Hint: You do not have to use solve MR=MC for every single firm.)
