Game 3. Symmetric 3-Player Continuous Strategies
Suppose there are 3 identical firms in a market with demand equation P=140-Q and a cost per unit of MC=20.
a) What is firm 1's best response function?
b) What would it be with only 2 firms?
c) What would it be with 4 firms?
d) What is the NE quantity with 3 firms?
e) What would it be with 2 firms?
f) What would it be with 4 firms?