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. What is the equilibrium strategy prole for this game (Hint: note that rms are Symmetric)? . What is the equilibrium price of a ton
. What is the equilibrium strategy prole for this game (Hint: note that rms are Symmetric)? . What is the equilibrium price of a ton of carbfree rice? . How much prot does each rm earn in equilibrium? . Suppose Ben's and CountryRice propose a mergerreducing the number of rms in the industry to two. Would you expect the total quantity produced in the industry to rise or fall following the merger? Explain your answer, but you do not need to calculate the postmerger quantity produced
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