Question: Question 2 ( Cournot competition ) . Assume demand is 1 0 0 - p . Two firms have constant but different marginal costs: cost

Question 2(Cournot competition). Assume demand is 100- p. Two firms have constant but different marginal costs: cost function for firm A is 10q and cost function for firm B is 15q. Suppose in equilibrium the two firms produce qA and qB respectively. What are qA and qB? What is the profit for each firm?
Question 3(Collusion). Consider the setting in Question 2. Suppose the two firms collude to maximize the sum of the two firms' profits. What will be the total profit of the two firms?
Question 2(Cournot competition). Assume demand is 100- p. Two firms have

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