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There are three firms. Firm one is selling product at $30 with a marginal cost of $12. Firm two is selling product at $16 with
There are three firms. Firm one is selling product at $30 with a marginal cost of $12. Firm two is selling product at $16 with a marginal cost of $6. Firm three is selling product at $5 with a marginal cost of $2. In this scenario which firm has the most market power ?
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