2. Suppose two rms produce identical good and consider a. market with the demand function Q(P) = 12 P The rmsr respective cost functions are Cl (911) = 4G1 )2 '12) 2 2'1'2 Firms compete alaCournot. [3.) Determine the twatresponse functions for each rm. (1)) Determine each firm'e output and the market price in the Nash equilibrium. [c] Determine the firms' profits in the Nash equilibrium