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Let demand be P=1000-3(q 1 +q 2 ). Fixed costs are 50. The marginal cost of firm 1 is 10 and the marginal cost of

Let demand be P=1000-3(q1+q2). Fixed costs are 50. The marginal cost of firm 1 is 10 and the marginal cost of firm 2 is 30. Find the optimal output, price, and profits for each firm with firm 1 a von Stackelbergleader (10) points, OR the firms being simultaneous mover Nash-Cournot competitors (7 1/2) points.

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