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Consider a Bertrand duopoly in which two firms, Firm 1 and Firm 2, face market demand P=50-Q and both have marginal cost, MC = 10.

Consider a Bertrand duopoly in which two firms, Firm 1 and Firm 2, face market demandP=50-Qand both have marginal cost,MC= 10.

The equilibrium output for each firm will be (insert only a number without dollar sign):

Consider a Bertrand duopoly in which two firms, Firm 1 and Firm 2, face market demandP=50-Qand both have marginal cost,MC= 10.

The equilibrium price will be(insert only a number without dollar sign):

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