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Economics

Firms that compete with each other Cournot game with identical cost function MC=0 and the inverse demand p(y)=100 - Y where Y=y1+y2+y3

A) Find the reaction function

B)How much does each firm produce

C) compute CS ,PS and the deadweight loss

D)if firm 1 and 2 leaders and 3 follower (Stackelberg),

What are the quantity choices for all three firms?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9743501

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