A Cournot oligopoly has 19 firms, and inverse market demand $P = 60 - Q$. All firms have marginal cost, $M C = \$ 20$. The equilibrium price in this market will be:
A) $\$ 20.50$
B) $\$ 22$
C) $\$ 33.33$
D) $\$ 40.15$

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The Answer of A Cournot oligopoly has 19 firms, and inverse market demand $P = 60 - Q$. All firms have marginal cost, $M C = \$ 20$. The equilibrium price in this market will be:
A) $\$ 20.50$
B) $\$ 22$
C) $\$ 33.33$
D) $\$ 40.15$

A Cournot Oligopoly Has 19 Firms, and Inverse Market Demand P=60−QP = 60 - QP=60−Q

A Cournot Oligopoly Has 19 Firms, and Inverse Market Demand $P = 60 - Q$