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3. Suppose there are n firms in the Cournot oligopoly model. Let q; denote the quantity produced by firm i, and let Q =

3. Suppose there are n firms in the Cournot oligopoly model. Let q; denote the quantity produced by firm i, and let Q = q+...+qn denote the aggregate quantity on the market. let P denote the market-clearing price and assume that inverse demand is given by P(Q) = a - Q (assuming Q

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