Question 5: [45 points] Firms 1 and 2 compete by choosing quantities (Cournot) but have different costs. C(ql) = c1411 and (3012) = czqz. Inverse demand is P(Q) = 1200 Q. (a) [10 points] Find each rm's best response function. (b) [10 points] Find the Cournot quantities produced by each firm. This should depend upon C1 and C2. (c) [15 points] Suppose 1:1 2 100 and 1:2 2 1000. What are each firm's Cournot quantities? (d) [10 points] How much would Firm 1 be Willing to pay to raise Firm 2's costs to 1100