Question: Consider a single country and a single good. The demand curve for this good is given by QD = 144 4P. There are two firms

Consider a single country and a single good. The demand curve for this good is given by QD = 144 4P. There are two firms serving the market: Firm A and Firm B, where Firm A has a marginal cost of $20 and Firm B has a marginal cost of $16. There are no fixed costs incurred by either firm.

Alternatively, assume now that these firms compete in Bertrand fashion.

Question :How many units of output each firm produces? Show your work.

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