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Three firms sell related products in a market. Their supply functions are: 41 = 2P1 = = 2 Pq The firms face the following demands:
Three firms sell related products in a market. Their supply functions are: 41 = 2P1 = = 2 Pq The firms face the following demands: -29- 2 P +6 P, + 5 P3 -45 + 4 P - 2 P2 + 5 P3 43 -86 + 6 P1 + 5 P2 - 2 P3 Given the above supply and demand functions, what price must each firm charge to equate supply and demand? Number Po = Number Number
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