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Three firms compete in an industry and their cost functions are given by Ci(qi) = ciqi, where c1 =c2 =4andc3 =6. ThedemandfunctionisQ=1202p. 2 Compute the

Three firms compete in an industry and their cost functions are given by Ci(qi) = ciqi, where c1 =c2 =4andc3 =6. ThedemandfunctionisQ=1202p. 2 Compute the equilibrium price, quantities and profits in case of Cournot competition. Compute the equilibrium price, quantities and profits in case of Bertrand competition

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