Suppose that there are only two companies producing video game consoles, Gamer Great and Player. Say that the companies' costs, Figure A $700 illustrated in the adjacent figure (Figure A) are the same. The figure also shows the market demand curve (D) and marginal revenue curve (MF) for game consoles. $500 The market demand curve is given by. " =21.000.000 - 30.090P 6 1400 Price and coat ($ game comodo] Suppose that Gomer Great initially was the only fim producing a game MC - ATC console. If Gamer Great is the monopoly producer of game consoles, the price of a $200 console is $ 500 and quantity of consoles produced is 8000000 per year. $100 Gamer Great's economic profit is $ 1200000900 MR (Carefully enter your responses considering the units on the axes of the 12 16 18 21 Quantity (millions of game consoles per year) given figure.) Suppose that Gamer Great and Player compete as Cournot duopolists, Figure B 14 Using the line-drawing fool. show the best-response curves for Gamer's Great and Player in the adjacent figure (Figure B] and label the curves as Gap and Op respectively. 13- Carefully follow the instructions above and only drew the required objects. 10 Player quentty ( millions of corsolool yomi) Suppose Gomer Great is a monopoly and then Player enters the market. 6- The number of game consoles produced by Player will be | | consoles per year. 2 12 14 Gamer Great quantity (millions of consoles/year)