A homogeneous- good duopoly faces an inverse market demand of p = 120 – Q. Firm 1 has a constant marginal cost of MC1 = 20. Firm 2’s constant marginal cost is MC2 = 30. Calculate the output of each firm, market output, and price for
(a) A Nash-Cournot equilibrium
(b) A collusive equilibrium at the monopoly price.