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3. Let there be 3 firms, each with cost C(q) = 4 + 4. Let there be 6 consumers, three type A consumers with inverse

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3. Let there be 3 firms, each with cost C(q) = 4 + 4. Let there be 6 consumers, three "type A" consumers with inverse demand PA = 2 - XA and three "type B" consumers with inverse demand PB = 4 - XB. Find the short-run competitive equilibrium (price, firm output, total output, firm profit)

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