Economics

4-. [10} An industry contains two firms, one whose cost function is [In] = 30q and another whose cost function is C(q] = q2. The inverse demand function for the rms output is p = 120 - Q where Q is the total output. What are the firms' outputs if they compete in quanties? 5. [5] An industry oontains two rms, one whose cost function is C[q] = Eq and another whose cost function is (201] =Bq. The inverse demand function for the rms' output is p = 12!] - Q, where Q is the total output. What are the rms' outputs if they compete in prices