[16] At the Cournot equilibrium, the market price equals: A. B. C. D. 11 12 13 None of the above [17] Regarding the answer to question (16), the Cournot market price is higher than the monopoly price but lower than the perfectly competitive price. A. B. True False [18] At the Cournot equilibrium, A's profit equals: A. B. C. D. 32 26 25 None of the above