consider an industry with three firm each having marginal cost equal to zero the inverse demand curve facing this industry is: p(q1,q2,q3)=60-(q1+q2+q3).if each firms behave as a counot compitor what is the first firm best response function? calculate the counot equilibrium of this problem. firm two and firm three decide to merge and form a single firm(MC is still zero). calculate the new industry equilibrium and counot on combine profit from firm two and three considering pre and post merger profit.
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