Consider a market for electric vehicles with demand given by D(p)=100-p. Xiaoniu is a producer in this

market, facing a cost function given by c(y)=20y.

c. Suppose in addition to Xiaoniu, another firm, Aima, also produces electric vehicles. The cost function

for Aima is given by c(y)=30y. Xiaoniu is the market leader and set its output level first. Aima sets its own

output level after observing Xiaoniu' output level. How many vehicles will be produced by each firm in

equilibrium? What is the equilibrium price? (4pts)