Suppose that three firms are competing over quantity with the following inverse demand functions pi= -2.94-1.5.92-0.5.93 +162 P2=-91-3.92-93+188 P3= -1.5.91-92-2.93 +178 What is the optimal value for firm one's quantity v What is firm one's optimal price What is the optimal value for firm two's quantity What is firm two's optimal price What is the optimal value for firm three's quantity What is firm three's optimal price What is the total consumer surplus in the industry What is the total producer surplus in the industry V Now supposed of thinking of these firms as differentiated competitors, think about them as a multi product differentiated firm (or think about a merged firm) What is the optimal value for product one's quantity What is product one's optimal price What is the optimal value for product two's quantity V What is product two's optimal price What is the optimal value for product three's quantity What is product three's optimal price What is the total consumer surplus in the industry What is the total producer surplus in the industry Suppose that three firms are competing over quantity with the following inverse demand functions pi= -2.94-1.5.92-0.5.93 +162 P2=-91-3.92-93+188 P3= -1.5.91-92-2.93 +178 What is the optimal value for firm one's quantity v What is firm one's optimal price What is the optimal value for firm two's quantity What is firm two's optimal price What is the optimal value for firm three's quantity What is firm three's optimal price What is the total consumer surplus in the industry What is the total producer surplus in the industry V Now supposed of thinking of these firms as differentiated competitors, think about them as a multi product differentiated firm (or think about a merged firm) What is the optimal value for product one's quantity What is product one's optimal price What is the optimal value for product two's quantity V What is product two's optimal price What is the optimal value for product three's quantity What is product three's optimal price What is the total consumer surplus in the industry What is the total producer surplus in the industry