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A market is served by three firms. The market demand curve is p = 200-y. Each...

A market is served by three firms. The market demand curve is p = 200-y. Each firm incurs a constant cost per unit of $40.

What is the market price at cournot equilbrium and what is firm 3's cournot reaction function?

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Rahul Sunny answered 8 months ago
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