Firms A,B and C consider entering an industry. Reach firm can either enter our not enter the industry. The total profit

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answerhappygod
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Firms A,B and C consider entering an industry. Reach firm can either enter our not enter the industry. The total profit

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Firms A,B and C consider entering an industry. Reach firm can either enter our not enter the industry. The total profit tto be made in the industry is 150, and this is equally split among all the firms that chose to enter. the cost of entry is 62. In equilibrium, how many firns enter the industry?
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