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Use the following information to answer questions 35-36. theap Suppose Cournot duopolist firms operate with each having a cost of 30q (i = 1,2) so that each firm's Nash - Cournot equilibrium, marginal cost is 30. The inverse market demand curve is P = 120 - ( where Q = q1 + 92. At the 35. The total quantity, Q, is A. 30 B. 60 C. 45 D. 90 36. The market price, P, is A. 30 B. 60 C. 45 D. 90 37. The Stackelberg model is more appropriate than the Cournot model in situations where A. there are more than two firms. B. all firms enter the market simultaneously. C. one firm makes its output decision before the other. igh price and for Firin 2 to pick the low price. D. firms will be likely to collude. to hikethe high price. e pick the wow pace and for firm: 2 to pick the high price 38. A Nash equilibrium occurs when A. the efficient allocation of resources is achieved by setting marginal revenue equal to ma cost. B. players choose their best strategy given the strategies chosen by others C. a monopolist is forced to produce the efficient level of output D. oligopolists cooperate with each other