5.Suppose there are two firms, Boors and Cudweiser, each selling identical-tasting nonalcoholic beer. Consumers of this beer have no brand loyalty so market demand can be expressed as P = 5 - .001(Qb + Qc).Boors' marginal revenue function can be written MR = 5 - .001(2Qb + Qc) and symmetrically for Cudweiser.Boors operates with out-of-date technology and has constant cost of $4 per unit (MC = AC = 4), whereas Cudweiser has constant cost of $2 per unit.Assuming the firms behave as Cournot competitors, in the Nash equilibrium, Cudweiser will produce

a.1,333

b. 2,333

c. 3,333

d. 4,333

ANSWER: c

6.Consider the same market for nonalcoholic beer as in the previous question.How many units will Boors produce in the Nash equilibrium?

a. 1,333

b. 2,333

c. 3,333

d. 4,333

ANSWER: a

NOTES: Please note that the answers are already given but I need steps taken to these answers. Kindly be clear and show all the steps. Thank you.