An industry consists of three firms All three have identical variable costs VC ( q ) = 5 q + q2 , bu

An industry consists of three firms All three have identical variable costsVC(q) = 5q+q2, but whereas Firms 2 and 3 have fixed costs of $2,000, Firm 1’s fixed costs are $3,000 Market demand isQ= 335 –pand the firms play Cournot What is the Herfindahl-Hirschman Index of the industry?

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