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Please solve the below questions Show all the necessary steps. Thank you! Exercise 3 (Market Inefciencies) Suppose there are two firms. A chemical firm A

Please solve the below questions

Show all the necessary steps. Thank you!

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Exercise 3 (Market Inefciencies) Suppose there are two firms. A chemical firm A produces a saleable good, but production of the good en- tails water pollution negatively affecting the profit a second firm Bsay a brewery, located downstream the river. The chemical firm receives profits ac- cording to the profit function B(:r) = 10:: 3:\

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