Question: Consider a Cournot duopoly with the following inverse demand function: P = 50 0.2Q 1 0.2Q 2 . The firms' marginal costs are identical and

Consider a Cournot duopoly with the following inverse demand function: P = 50 0.2Q₁ 0.2Q₂. The firms' marginal costs are identical and are given by MC_i(Q_i) = 2. Based on this information, firm 1 and 2's reaction functions are?

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