Consider an industry with 3 firms selling homogeneous products. The cost function, the same for each firm i=1,2,3, is C_i(q i)=50q_i+300 Demand for the product is P=170-Q. 6. BONUS QUESTION Potential entry, as long as it is likely, timely, and sufficient, is considered as a countervailing factor of the unilateral effects by the competition authority. Knowing the entry costs are intermediate in the industry, do you expect entry to occur