Question $14$

$0\mathrm{.}3$ pts

A monopolist faces a market demand $Q(p)=1500-5p$ and has cost function $C(q)=120q.$ Suppose that the government intervenes the market and splits the monopolist into two firms with cost functions $C_1(q_1)=120q_1$ and $C_2(q_2)=120q_2.$ Suppose the newly created firms compete in Bertrand model. In the Bertrand equilibrium, the profit of firm $1$ and profit of firm $2$ are given by $q,$

$(27000,13500)$

$(18000,18000)$

$(0,0)$

$(20250,10250)$

$(18000,9000)$