Recall Instruction #4: Using the provided Excel document for Assessment 2, enter YOUR UWI student ID number, at the top righthand corner of your Excel document and you will be given four (4) unique values assigned to the letters A, B, C & D. These values are to be used for Section B of the exam. Use three (3) decimal places in all your workings and ensure that your final answers are also given to three (3) decimal places. Question 3: For this question only, X = A + D/2 and Y = B+C. Two firms (Firm A and Firm B) produce an identical product (Note: Industry's output = Q). The firms must decide how much output (q4 and qB) to produce since they are the only two firms in the industry that produces this product. Their marginal cost is equal to their average cost and it is constant at MC = AC = X, for both firms. Market demand is given as Q=Y -P. Using this information calculate the Industry Price, Industry Output, Industry Profit, Consumer Surplus, and Deadweight Loss using the: a) Bertrand Model [5 marks] b) Cournot Model [8 marks] c) Tacit Collusion Model [5 marks] Question 4: Given all the same information from Question 3 above, assume now that Firm A is allowed to move first. If firm A chooses to employ the Stackelberg Model, calculate the following: a) Firm A's Output [4 marks] b) Firm B's Output [1 mark] c) Industry's Output [1 mark] d) Industry's Price [1 mark]