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lst attempt Part1 (2 points) 0 See Hint Firm 1 and firm 2 are Bertrand duopoloists. Firm 1 has a marginal cost of $3.00 per

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lst attempt Part1 (2 points) 0 See Hint Firm 1 and firm 2 are Bertrand duopoloists. Firm 1 has a marginal cost of $3.00 per unit, and rm 2 has a marginal cost of $5.01 per unit. The demand for their product is p = 39.00 Q,where Q is the total quantity demanded. How much does each rm sell in equilibrium? Assume that prices can only be set to the nearest cent, rms split the market if they set the same price, and there are no xed costs. Firm 1 production: ( l (Round to two decimals if necessary.) Firm2 production: E (Round to two decimals if necessary.) impetus) ' 0 See Hint :protsfor each rm in equilibrium? (Cl (Round to two decimals if necessary.)

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