Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $200. The inverse market demand for this product is P = 600 – 5Q . 
A. Determine the equilibrium  level of output in the market. 
B. Determine the equilibrium market price. 
C. Determine the profits of each firm.

Order your Assignment today and save 15% with the discount code ESSAYHELP

X