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

Multiple Choice

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) $\$ 40.15$