onsider two firms producing the same good and competing in quantities, where qi 0 is the quantity produced by firm i. The firms act individually to maximize their own profit. Firm 1 has best response BR1(q2) = ( 40 q2 if q2 < 40 0 if q2 40 and firm 2 has best response BR2(q1) = ( 100q1 2 if q1 < 100 0 if q1 100 What is the Cournot-Nash Equilibrium? Page 1 of 4