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. Consider a market with two identical firms: Firm A and Firm B. . The market demand is P = 280 - 4Q, where Q
. Consider a market with two identical firms: Firm A and Firm B. . The market demand is P = 280 - 4Q, where Q = qA + qB and the firms cost structure is such that MCA = ACA = 35 and MCB = ACB = 40. Determine the Cournot-Nash quantities, market price, and profits for each firm. (Use many decimal places in your calculations, but round your final answers to 2 decimal places.) (a) qA = ( b ) qB = (c) P = DOUD (d) TA = (e) TB=
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