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Consider the mango market in San Lorenzo composed of three Bokononists with individual, inverse demand functions...

Consider the mango market in San Lorenzo composed of three Bokononists with individual, inverse demand functions given by:

Bokononist #1 ? = 100 − 2q1

Bokononist #2 ? = 80 − 2q2

Bokononist #3 ? = 60 − 2q3

First, determine the equation for inverse market demand. If the equation is a piecewise function, make sure that you correctly specify each “piece” of inverse market demand, including identifying all “kink” points! Also, if the price of mangos in San Lorezno changes from ? = 55 to ? = 65, what happens to the quantity of mangos purchased in the San Lorenzen mango market?

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