Question: Need Help Solving ASAP! Consider a Cournot oligopoly with two firms, where the demand curves are given by P1 = 100-Q1 -2Q2 P2 = 100-2Q1

Need Help Solving ASAP!

Consider a Cournot oligopoly with two firms, where the demand curves are given by P1 = 100-Q1 -2Q2 P2 = 100-2Q1 -Q2 and that costs are given by TC(Q1) = Q-1 , MC, = 201, TC(Q2) = Q 2, and MC2 = 2Q2 . Also, marginal revenues can be written as MR, = 100-201 - 202, MR2 - 100-201 -202 . Solve for each firm's profit. Profit for firm 1= 600, Profit for firm 2= 300 O Profit for firm 1= 300, Profit for firm 2= 600 O Profit for firm 1= 555.55, Profit for firm 2= 555.55 O Profit for firm 1= 0, Profit for firm 2= 0

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