Question: Consider a duopoly market with quantity competition. Let demand be given by P = 120-Q. P is the price and Q is the quantity. Let

Consider a duopoly market with quantity competition. Let demand be given by P = 120-Q. P is the price and Q is the quantity.

Let firm 1's total cost be TK(1) = 45Q(1) and firm 2's total cost also be TK(2) = 45Q(2).

Calculate the quantity supplied by firm 1 in this market form?

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