Homework 12b Questions ECON 2106 Principles of Microeconomics Dr. MeGrath The chart below contains the necessary information for a Cournot duopoly with an identical product. You have the market demand, Qd = 60 0.5P and each firm has the same marginal cost; MC|=MCE=30. There are columns available for the market price, producer surplus for each rm and the total producer surplus for the rms together. 1. Complete the table. Use the example in the lecture as a model. 2. What is the competitive outcome for this market? 3. What is the cooperative outcome for this market? 4. Is the cooperative outcome for this market stable? Explain. (:11 P P81 P82 PStot 9 n 10 9 10 10 11 10 11- 12 11 12 12 1s - 13 13 14 13 14 14 1s - 1s - 16 15 16 16