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(e) Sketch the rmidual demand curves for Firm 1 from (a) and (b), and label the prot-maximizing price and quantity points that you found in
(e) Sketch the rmidual demand curves for Firm 1 from (a) and (b), and label the prot-maximizing price and quantity points that you found in (b) and ((1) Sketch a possible step-function oer curve that would allow Firm 1 to produce at its optimal quantity, for either realization of Firm 3's wind generation. [4 points] (f) Based on the prices you fOund in (b) and (d), calenlate the daily revenue for the wind farm (Firm 3). What will be the average price that the wind farm receives for its generation? Is this higher or lower than the average price that Firm 1 receives for its generation? [3 points]
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