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Derive the best-response function for the typical firm

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Reference no: EM132318091

P = 600 - Q/20

Using the information provided in the scenario, derive the marginal revenue func- tion for a typical firm in the industry. Use QA to denote the quantity produced by this firm, and X to denote the combined production of the remaining two firms.

Step 2: Derive the best-response function for the typical firm.

Reference no: EM132318091

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