economics question

2. The industry demand is P(y) = 14 -2y. There are two firms with cost functions C1(y1) = 0 and C2(y2) = 0, respectively. . Find the Cournot equilibrium: quantities, prices, profits, and total surplus. . Suppose now that the two firms are owned by the same owner. Find the quantity, price, profit, and surplus. Compare your findings to the magnitudes in part (a). . Find the maximal surplus possible in this industry. Point out two different sources of inefficiency which makes this total surplus in part (a) smaller