Consider three equally spaced rms competing in prices (chosen simultaneously) around a circular city. There are no xed costs of production and zero marginal cost. A consumer receives utility u = v - p - t2 if she purchases 'om a store a distance of away, and you may assume that the parameters are such that all consumers buy exactly one good in equilibrium (even after the merger discussed below). a. Find the prices and prots of each rm, and total industry prots in equilibrium