Question: Consider a Cournot duopoly with the following inverse demand function: P = 450 5Q1 5Q2 . The firms' marginal costs are identical and are given

Consider a Cournot duopoly with the following inverse demand function: P = 450 5Q1 5Q2 . The firms' marginal costs are identical and are given by MCi(Qi) = 5Qi. Based on this information, firm 1 and 2's marginal revenue functions are Multiple Choice

MR1(Q1,Q2) = 450 5Q1 10Q2 and MR2(Q1,Q2) = 450 10Q1 5Q2.

MR1(Q1,Q2) = 450 10Q1 10Q2 and MR2(Q1,Q2) = 450 10Q1 10Q2.

MR1(Q1,Q2) = 225 10Q1 and MR2(Q1,Q2) = 225 10Q2.

MR1(Q1,Q2) = 450 10Q1 5Q2 and MR2(Q1,Q2) = 450 5Q1 10Q2.

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