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Suppose that two oligopoly firms set prices to maxi- mize their profits. Each faces the same constant marginal cost, m = 15. The demand function

Suppose that two oligopoly firms set prices to maxi- mize their profits. Each faces the same constant marginal cost, m = 15. The demand function for Firm1isq1 =120-6p1 + 2p2 and for firm 2 is q2 = 120 - 6p2 + 2p1, where p1 is Firm 1s price and p2 is Firm 2s price. What are the Nash-Bertrand equilibrium prices and quantities?

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