12- Consider two large firms, A and B, that are producing a homogenous product. The marginal cost of Firm A is $2and the marginal cost of Firm B is $4. Market demand equals P(Q) - 12 -Q, where Q is the total market output, i.e., Q = qA + qs, where the qi, i = A, B, are the outputs of each individual firm. a) Find the Cournot equilibrium outputs of each firm and the market price. Show a figure of the best response functions of the two firms and identify the Cournot equilibrium in the figure. b) which firm produces more output in the Cournot equilibrium the high or low cost firm? c) if the two firms competed in price( Bertrand competition) would both firms produce a positive output in equilibrium ? ( assume both are large enough to supply the entire