The Heights (H for short) and The Basin (B) are the only two restaurants in Ithaca. The market demand is described by P = 80 P Q = 80 (QH QB). Both restaurants operate at the same constant marginal cost of MC = 20. (a) (2 pts) True or False (explanation required). Since each restaurant is maximizing its own pro t, in the Cournot equilibrium they should also achieve the highest industry pro t. (b) (3 pts) What are the equilibrium quantities? Moreover, suppose the marginal cost of H drops, but the marginal cost of B remains at 20, which restaurant will serve more