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Each of two firms has the cost function TC(q) = q^2 . Assume the inverse demand function for the firms' output is p = 120

Each of two firms has the cost function TC(q) = q^2 . Assume the inverse demand function for the firms' output is p = 120 Q, where Q is the total output (q1+q2). What are the firms' outputs in a Nash equilibrium of Cournot's model?

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