Information for questions 01 to I)? Consider a market with two firms {Firm 1 and Firm 2}, which produce an identical good. Both firms have the same constant marginal cost: ME = m = 40. The demand in this market is given by: Q = HID.2513 :p=44Q Let P: . G1, and TI] denote the price charged by firm 1, the quantity firm 1 produces and sells, and firm 1's profits, respectively. Analogously, let p2, g, and T52 denote the price, quantity, and profits of firm 2, When appropriate, assume the firms split total quantity and profits evenly. Question I33 Assume Firm 1 and Firm 2 collude to act as a single monopolist, forming a cartel. Find the price, quantity, and profit of each firm in equilibrium. Which of the following alternatives is correct? [3] p1 = p2 = $22D,q1 = q2 = 22.5, and Tt'l = 1152 = $4.05!} lb} p1 = 332 = $13D,q1 = 45,:1'2 = 22.5,?'1'1 = $4,050, and 112 = $2,025 [cl p1 = p2 = $16D,q1 = q2 = 30, and n1 = H2 = $3,600 {d} p1 = p2 = $40,q1 = q2 = 4-5, and 71:1 = :72 = $0