Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it. The market demand curve is linear and is given as follows: P = 30 - Q.  The marginal cost to produce this new drink is $3.

What price would this new drink sell for if the market was a Courot oligopoly? (Use formula for reaction function in the lecture slides)

		0
		$3
		$12
		$16.50