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please show all work too dolbve Now consider a two firm setting with production quantities y, and y2. Their cost functions are identical c(y)=4y and

please show all work too dolbve

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Now consider a two firm setting with production quantities y, and y2. Their cost functions are identical c(y)=4y and they face an industry demand p=1000-16y. Find the quantity produced by firm 1 in the Cournot equilibrium. Please round to one decimal. Question 7 1 pts Solve the previous problem now with three identical firms. That is, p=1000- 16(y1+yz+y3). What is the quantity produced by firm 1? Please round to one decimal

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