Question: Can some one please help me with this. Consider an industry with two firms that compete in quantities. Both firm have identical cost functions given

Can some one please help me with this.

Consider an industry with two firms that compete in quantities. Both firm have identical cost functions given by TC;(q;) =30q; where i=1,2 with constant marginal costs of 30. Market demand is given by P= 120-q1 -q2. so that firm 1's marginal revenue is MR1 = 120-2q1 - 92 and firm 2's marginal revenue is given by MR2 = 120-q1-292. Calculate firm 1's quantity in Nash equilibrium

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