Explain clearly

If we compare Bertrand and Cournot competition, we can state 1. that the equilibrium quantity and price is higher in Cournot competition O 2. that the equilibrium quantity and price is lower in Bertrand competition 3. that the equilibrium quantity is lower in Bertrand competition, and the equilibrium price is lower in Count. competition 4. that the equilibrium quantity is higher in Bertrand competition, and the equilibrium price is higher in Cournat competition