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Suppose demand is given by Q = 60 - P

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Suppose demand is given by Q = 60 - P. Also, assume that there are no production costs.

a. Find the quantity and price chosen in the case of a four-firm oligopoly.

b. Now find the quantity and price chosen in the case of an n firm oligopoly.

c. What happens to total quantity and price as n gets arbitrarily large.