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