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Assume that firm 1 and firm 2 are in the Cournotmodel setting (i.e., both produce identical products and there are two firms in the market).

Assume that firm 1 and firm 2 are in the Cournotmodel setting (i.e., both produce identical products and there are two firms in the market).

Market Demand: P = 100 -Q;Firm 1's total cost function = 5Q;Firm 2's total cost function = 15Q

Solve for Firm 2's profit.

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