Business, 19.06.2020 18:57 marciekinser

duopoly faces a market demand of pequals120minusQ. Firm 1 has a constant marginal cost of MC Superscript 1equals$10. Firm 2's constant marginal cost is MC squaredequals$20. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium. The collusive equilibrium occurs where q 1 equals nothing and q 2 equals nothing. (Enter numeric responses using real numbers rounded to two decimal places)

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