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Now say there are three firms in the setting above. Find the Cournot equilibrium. Hint: Prices are now p = 200 - 4(Y1 + Y2
Now say there are three firms in the setting above. Find the Cournot equilibrium. Hint: Prices are now p = 200 - 4(Y1 + Y2 + y3). What is the output of firm 1? Please round to one decimal.
=14.3
Now say there are three firms in the setting above. Find the Cournot equilibrium. Hint: Prices are now p = 200 - 4(Y1 + Y2 + y3). What is the output of firm 1? Please round to one decimal
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