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A duopoly faces a market demand of p = 240 -Q. Firm 1 has a constant marginal cost of MC = $40. Firm 2's constant marginal cost is MC = $80. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium. The collusive equilibrium occurs where q, equals and q2 equals . (Enter numeric responses using real numbers rounded to two decimal places) Market output is The collusive equilibrium price is $. The Cournot-Nash equilibrium occurs where q, equals and q2 equals Market output is Furthermore, the equilibrium occurs at a price of $