1.In the Cournot Duopoly model, let the best response functions of the two firms, A and B be as follows, where Qa and Qb are the quantitieseach firm produces.

Firm A: Qa=30-Qb/2Firm B, Qb=30-Qa/2

Find the Nash equilibriums quantities for this duopoly model. this problem normally starts with a market demand curve and asks you to determine the best responses, then find the equilibrium . you are only being asked the second part of the problem here. I want exact numerical solutions, but if you do not want to do the algebra to find this, you could graph the best response functions carefully and see if you can guess the answer, and then plug your guess into the functions to see if it works.