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please answer Consider an oligopoly with 10 identical firms, and all firms produce a homogenous product. All firms choose 100 - Zj =29) - 12

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Consider an oligopoly with 10 identical firms, and all firms produce a homogenous product. All firms choose 100 - Zj =29) - 12 how much to supply simultaneously. The best response function of firm 1 is 91 = 2 . In a Nash Equilibrium, O Firm 2 produces 8 units O All firms produce 9 units O All firms produce 7 units O Firm 1 produces 6 units

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