5. There are three supply-side participants (A, B and C) in an electricity market, and their offers are given below. a3t =0.05P; +25P,+30 Tt =0.065P; +45P,+75 (M, M and 7 are the offer prices) Tt = 0.06P; +22.75P. + 48 The system demand (PD) is price elastic and given as a function of market price, as follows: PD=45p In a Cournot competition where the generators maximize their profits, find the Nash equilibrium solution of the above auction