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10 logging firms use a forest to collect timber. Each firm / must choose how many trees to cut, 9. The benefit of cutting a

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10 logging firms use a forest to collect timber. Each firm / must choose how many trees to cut, 9. The benefit of cutting a tree is 1000 - 2 G per tree, where C is the total quantity of trees cut in the forest. The marginal cost of cutting a tree is 10G. Firms do not face any fixed costs. In a Nash Equilibrium Each firm cuts 125 trees Each firm cuts 125/10 trees Each firm cuts 125/4 trees O Each firm cuts 5 trees

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