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1.The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is p 1 = 52 - q 1 - 0.5q 2

1.The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is p₁ = 52 - q₁ - 0.5q₂. The inverse demand for Firm 2 is p₂ = 40 - q₂ - 0.5q₁. Each firm has a marginal cost of m = 1. Solve for the Nash-Cournot equilibrium quantities.

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