Question: You are given the market demand function Q 1800-1000p, = and that each duopoly firm's marginal cost is $0.14 per unit, which implies the

You are given the market demand function Q 1800-1000p, = and that

You are given the market demand function Q 1800-1000p, = and that each duopoly firm's marginal cost is $0.14 per unit, which implies the cost function: C(ai)=0.149 assuming no fixed costs for i = 1, 2 = The cooperative Cournot quantities are q =830 and q2 415 (enter your responses as whole numbers). The cooperative Cournot price is $(round to the nearest penny). Calculate the cooperative Cournot profits: firm 1 $ and firm 2 $ (round both responses to the nearest cent).

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