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2) An industry consists of three firms with identical total cost functions C(q) = 20q + q2. Market demand is Q (P) = 140 -

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2) An industry consists of three firms with identical total cost functions C(q) = 20q + q2. Market demand is Q (P) = 140 - P. a) Find the Cournot-Nash equilibrium quantity, price and profits for this industry. b) Suppose a monopolist controlled the three firms. What would its cost function be? c) What would be this monopolist's quantity, price and profits

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