Economics Suppose the market demand curve is pea - G where p and & denote the market price and quantity. There are 2 firms in the market competing in quantity. Let a be the output produced by firm- 1. So Qeq + gy. Using this odetermine the equilibrium output of each firm , market output, market price and profit of each firm when each firm has the following cost functions Suppose the cost function are C. (9. ) = F, + 09. and C2 ( 92 ) = 2cq,. Assume a232 and a2 >F, Determine the equilibrium outcomes if game is played simultaneously. Why do we need the assumptions a 2 30 and = > F, ? Determine the conditions for which the equilibrium profit of firm- is higher than that of firm - 2 and explain it intuitively thank you for help