Please help with a, b, c

b) Now consider a situation in which Francois sets his price first, and Babette responds. Follow procedures similar to those we used for Stackelberg quantity competition to solve for Francois's profit-maximizing price, quantity, and profit. Francois price= Francois quantity= Francois profit= c) Solve for Babette's profit-maximizing price, quantity, and profit. Babette price= Babette quantity= Babette profit=Problem 3 Consider two Bertrand competitors in the market for brie, Francois and Babette. The cheeses of Francois and Babette are differentiated, with the demand for Francois's cheese given by qF= 70 - PF + PB, where qF is the quantity Francois sells, pp is the price Francois charges, and pp is the price charged by Babette. The demand for Babette's cheese is similarly given as qp = 70 - PB + PF. Assume that MC-1 for both players. F B Mmm Hmm.. a) Find the Bertrand equilibrium prices and quantities for these two competitors. Francois price= Francois quantity= Babette price= Babette quantity