Question: ot Consider 2 firms, let's call them A and B, in a Cournot game who face a market demand of Q=400-8P. The two firms' total

ot Consider 2 firms, let's call them A and B, in

Consider 2 firms, let's call them A and B, in a Cournot game who face a market demand of Q=400-8P. The two firms' total cost functions are TCA=30Q and TCB=50Q respectively. a. Find each firm's residual marginal revenue. b. Find each firm's reaction function. c. At Nash equilibrium, what is the market price

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