An electricity market with a total capacity of 100 MW has fi…
An electricity market with a total capacity of 100 MW has five firms with capacity ownership listed below. What is the smallest size pivotal oligopoly in this market given different levels of demand? (Here “smallest size” implies a more concentrated market. For example, if you find that a single firm is a pivotal monopolist, you would check that answer instead of pivotal duopoly.) Firm A: 32 MW Firm B: 26 MW Firm C: 28 MW Firm D: 3 MW Firm E: 11 MW Demand in the market is 70 MW Demand in the market is 45 MW Demand in the market is 20 MW