Question: Consider a Cournot duopoly. The market demand function is P = 1 4 0 1 ( q 1 + q 2 ) , where P

Consider a Cournot duopoly. The market demand function is P =1401(q1+ q2), where P is the market price, q1 is the output produced by Firm 1 and q2 is the output produced by Firm 2. The two firms have a constant marginal cost c =20.
What is the total output in this market? Round your answer to the nearest integer (e.g.50)

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