Use the following information to answer the next FIVEquestions: A homogeneous products oligopoly consists of two firms - Firm 1 and Firm 2 - both of which have a constant marginal cost of MC=30. They face a market demand curve given by P=300-3Q. 29. What is the Bertrand equilibrium price in this market? $ ____________________ 30. What is the output of Firm 1 in the Bertrand equilibrium? ______________ 31. What is the output of Firm 2 in the Bertrand equilibrium? ______________ Now suppose that Firm 1 has a marginal cost of MC1=35 while Firm 2 has a marginal cost of MC2=27. 32. The Bertrand equilibrium price in this market will be slightly (above/below) _______ $ _________. Now suppose a third firm enters the market with a marginal cost of MC3=27 (in the case where the marginal cost of Firm 1 is MC1=35 and the marginal cost of Firm 2 is MC2=27). 33. In Bertrand equilibrium, the output of Firm 1 will be __________; the output of Firm 2 will be __________; and the output of Firm 3 will be _______________