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Two firms are competing in a Bertrand market. Each firm's residual demand and cost functions are q1 = 150 - 5p1 + 4p2 TC1 =

Two firms are competing in a Bertrand market. Each firm's residual demand and cost functions are q1 = 150 - 5p1 + 4p2 TC1 = 5q1 q2 = 125 - 3.8p2 + 5p1 TC2 = 3.8q2 Assume no differentiation. What is the market price? Round to two decimals

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