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The general form of the inverse demand curve is P = a - bQ.In one market, the specific inverse demand is P = 100 -

The general form of the inverse demand curve is P = a - bQ.In one market, the specific inverse demand isP = 100 - 1/3Qand the marginal cost for all firmsis MC = 25.

Six firms compete in a Cournot oligopoly.

a. How much will each firm produce in equilibrium?

b. What is the total market supply?

c. What is the equilibrium price?

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