1) 2) 3) - An industry consists of two firms which compete as in the Bertrand model studied in class. Assume that market demand is Q = 100 - p, and that two firms have constant marginal costs (c and c) and zero fixed costs. Assume that when both firms charge the same price, each firm will serve the half of the market. Determine the equilibrium strategy combination in each of the following cases: C1 = C = 10. C = 10 but c = 40. C1 = 10 but C2 = 60.