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Please explain it step by step, thanks! * Suppose that duopoly firms have a fixed cost of production equal to 100, but marginal costs are

Please explain it step by step, thanks!

* Suppose that duopoly firms have a fixed cost of production equal to 100, but marginal costs are zero. Further suppose that these firms do not produce identical products. Firm 1 faces a demand curve Q1 = 12 2P1 + P2 and Firm 2 faces a demand curve of Q2 = 12 2P2 + P1. 3. Are the two goods substitutes or complements? b. Assuming that firms compete over prices, solve for the Bertrand equilibrium prices and quantities

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