Instead of two firms, as in Question 4.1, three firms now face the inverse market demand curve, \(p=100-5 Q\), where \(Q=q_{1}+q_{2}+q_{3}\), and each of the firms has a constant marginal cost of 10 per unit. What is the Nash-Stackelberg equilibrium when Firm 1 moves first and both of the other two firms are followers? Compare your results to your answer to Question 4.1.

Data From Question 4.1:-

Duopoly quantity-setting firms face the inverse market demand curve, \(p=100-5 Q\), where \(Q=q_{1}+q_{2}\). Each firm has a constant marginal cost of 10 per unit.