Question 1, Text Exercise 3.1 HW Score: 0%, 0 of 7 points Part 1 of 2 QO Points: 0 of 1 What is the homogeneous-good duopoly Cournot equilibrium if the market demand function is and each firm's marginal cost is $0.28 per unit? The Cournot-Nash equilibrium occurs where q, equals and g, equals Q=4,000 - 1,000p, . (Enter numeric responses using real numbers rounded to two decimal places.) Question 2, Text Exercise 3.13 N HW Score: 0%, 0 of 7 points Part 1 of 6 QO Points: 0 of 1 A duopoly faces a market demand of p=120-Q. Firm 1 has a constant marginal cost of Mc' = $20. Firm 2's constant marginal cost is MC? = $40. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium. ~ The collusive equilibrium occurs where q, equals | |and g, equals | |. (Enter numeric responses using real numbers rounded to two decimal places) HW Score: 0%, 0 of 7 points Part 1 of 4 O Points: 0 of 1 Duopoly quantity-setting firms face the market demand p = 270 - Q. A Each firm has a marginal cost of $15 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (q, ) and Firm 2 (q2) are 91 = units and 97 = units. (Enter numeric responses using real numbers rounded to two decimal places.)Question 4, Text Exercise 3.16 HW Score: 0%, 0 of 7 points HW Score: 17.86%, 1.25 of 7 points Part 2 of 4 Points: 0.33 of 1 Duopoly quantity-setting firms face the market demand p = 270 - Q. Each firm has a marginal cost of $15 per unit. What is the Cournot equilibrium? The Cournot equilibrium quantities for Firm 1 (q, ) and Firm 2 (92 ) are 91 = 85 units and q, = 85 units. (Enter numeric responses using real numbers rounded to two decimal places.) The Cournot equilibrium price is p = $P = 339 - 9A - 24 TRA = PEA = 339 9A - 990 2 - 9 A 24 P = 339 - 9A - 9" 2 TRA = P9. = 339 9 - 2A MRA = 339 - 29 A 9 u MR. = MCA 339 - 29 - 94 = 80 259 = 290 + 94 2 A = 129 .5 - 0.594 Thy = Pqu = 339 94 - 2 A94 - 942 MRu = 339 - 2A 29 n MRy = MCU 339 - 9 - 294 = 40 2 9 9 = 9 A + 2 24 2 9 9 = 129 . 5 - 0:5 94 + 2 qu 169 . 5 = 1 59 4 96 = 113 9 A = 129.5 -0.5(113)= 73 28 = 113