The inverse demand function in a market is given by p 15 -


The inverse demand function in a market is given by P = 15 - Q , where Q is the aggregate quantity produced, and P is price. The market has 3 identical firms with marginal and average costs of 3. The firms engage in Cournot competition.

What quantity does each firm produce?

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Business Economics: The inverse demand function in a market is given by p 15 -
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