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Suppose that the inverse demand function is given by P=50-2Q. Suppose also that 4 firms operate in this market and compete simultaneously in quantities. Each

Suppose that the inverse demand function is given by P=50-2Q. Suppose also that 4 firms operate in this market and compete simultaneously in quantities. Each firm has the same marginal cost, equal to $2. How much is each firm producing in the Nash Equilibrium? Show all your calculations.

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