Suppose that the market demand for a certain product is given by P=340−2QP=340−2Q, where QQ is total industry output. There are only three firms F1, F2,F3F1,F2,F3 that manufacture that product. The three firms have the following marginal costs: c1=20c1=20, c2=22c2=22 and c3=24c3=24. a) Determine the output levels  that will be produced in a Cournot-Nash equilibrium  q1q1=Answer for part 1 q2q2=Answer for part 2 q3q3=Answer for part 3   b) Determine the  price level in such an equilibrium PP=Answer for part 4   c) Determine  the profit levels in such an equilibrium u1u1=Answer for part 5 u2u2=Answer for part 6 u3u3=Answer for part 7

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