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Business, 04.08.2021 22:40 sbush5231

g Suppose there are in total 3 firms in the market. Firm 1 decides its output first, then Firm 2 and Firm 3 decide their outputs simultaneously. The inverse demand function is p=15-4q, where q=q_1+q_2+q_3, and each firm's cost function is c_i(q_i)=4q_i^2. What is the quantity that Firm 1 produces? Round your answer to 2 decimal points.

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g Suppose there are in total 3 firms in the market. Firm 1 decides its output first, then Firm 2 and...
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