Assume that there are two entrepreneurs with cost curves C1(q1) = 6q1 and C2(q2) = 4q2. Entrepreneur 1 chooses quantity first and is able to credibly commit to this choice. Then entrepreneur 2 choose its quantity after observing firm 1's quantity. What is the equilibrium price in this market, and which firm has higher profits?

(a) p = 10, and firm 1 has higher profits

(b) p = 10, and firm 2 has higher profits

(c) p = 32/3, and firm 1 has higher profits

(d) p = 32/3, and firm 2 has higher profits

(e) p = 9, and firm 2 has higher profits