What is industry equilibrium if firms have cournot beliefs
An industry consists of three firms with identical costs C(q) = 18q + q2. Market demand is Q = 150 - p. (i) What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
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Derive the export supply curve XSMFN. Find the domestic price P, quantity imported M and border price P - T. How much tariff revenue is collected and what is the export supply XR from RoW and XP from Partner?
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