Please help me calculate these values and understand how you arrived at your answer.

1. Exercise 12.1 Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function: P =1,200 Qc QD where Qc and Q3 are the quantities sold by the respective rms and P is the selling price. Total cost functions for the two companies are TCC = 25,000 + ZOOQC TCD = 20,000 + 250QD Assume that the rms act independently as in the Cournot model (i.e., each firm assumes that the other firm's output will not change). For Company C, the long-run equilibrium output is , and the selling price is -. For Company D, the long-run equilibrium output is , and the selling price is . At the equilibrium output, Company C earns total prots of , and Company D earns total prots of _