Two firms compete by choosing price. Their demand functions are

Q1 = 20 - P1 +P2 and Q2 = 20 + P1 - P2

Firm 1 sets price first (leader) then firm 2 sets price (follower)

what price will each firm charge?

how much will it sell?

what will its profit be?

please advise me about where I went wrong and help me find the correct steps to reach answer?

Q4b Q, = 20- P,+ Pg Q2:20- P, - P2 MCO Where Firm 1 rebs their price wrist . by inferring Firm 2's Reaction Step1 : TRo= PaQs What could him 2 MR2 . 204P - 2P, P - P. fun ado " d MR. 2 P2 = 10+ 2 PL )_ 1 Q = 20- P1+ 10+ Q2: 20 - P - 10+% = 30 - PI PI Q 1 = 3 Q2 = 10 - 2 PI finds Photo TR,= 20Pg+ Py (10+ TR- 38 30Pg + 012 0/2) - p / 2 2P12 nowalone. TMR= 30 -$1 2p2 0:30 -P1 P1= 30 headers Prize medcath Par- 15 followent Price 2- 20-30+151 12 Q,-20-30-15 - 35 Leader print: 150 Pit falloverproject: 375 MC-20