Find reaction curves for firm

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Reference no: EM133081569

Consider a 3-firm Cournot model where marginal costs are c1=3, c2=3, and c3=2. Let p=10-2Q.

a) Find reaction curves for each firm.

b) Find the Cournot-Nash equilibrium output of each firm. (Hint: Symmetry may help)

Reference no: EM133081569

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