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please answer all the questions 9) (10 points) Suppose that two identical firms produce widgets and that they are the only firms in the market.

please answer all the questions

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9) (10 points) Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 2501 and C2 = 2502, where O1 is the output of Firm 1 and Q2 the output of Firm 2. Price is determined by the following demand curve: P = 125 - 0.50 where Q = Q1 + 02. Assuming firm 1 as leader, find the Stackelberg-Nash equilibrium outputs of each firm and price in the market. No need to calculate profits

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