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Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=1002p1 p2q1=1002p1 p2, where q1q1

Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=1002p1 p2q1=1002p1 p2, where q1q1 is Firm 1's output, p1p1 is Firm 1's price, and p2p2 is Firm 2's price. Similarly, the demand Firm 2 faces is q2=1002p2 p1q2=1002p2 p1. Solve for the Nash-Bertrand equilibrium. M

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