three oligopolists in an inverse market demand
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Three oligopolists operate in a market with inverse demand given by P (Q) = a − Q, where Q = q1 + q2 + q3 and qi is the quantity produced by firm i. Each firm has a constant marginal cost of production, c, and no fixed cost.
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There are 3 baic theories about oligopolists
1.kinked demand theroy or non collusive oligopoly, the cartel model and the price leadership model
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