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Consider an oligopoly with 15 identical firms, and all firms produce a homogenous product. All firms choose - 15 250 - 2, = 1,/ 259/

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Consider an oligopoly with 15 identical firms, and all firms produce a homogenous product. All firms choose - 15 250 - 2, = 1,/ 259/ - 10 how much to supply simultaneously. The best response function of firm 5 is 95 = 2 In a Nash Equilibrium. Each firm produces 10 units of good Firm 5 produces 16 units of good The total supply is equal to 225 The total supply is equal to 240

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