3. Suppose rm A and B operate under conditions of constant marginal and average cost but that MCA = 1|] and MCI; = B. The demand for the rm's output is given by Q = 500- HP a} If the m'Is practice Bertrand competition. what will the Nash Equilibrium market price be? What will be the prots for each rm? b} If the rms practice Coumot competition. what will be the Nash equilibirum market price? What will be the prots for each rm? c} If the rm A. is the leader and rm B is the follower in this market, what will be the equilibrium price? What will be the prots for each rm