VW and TTare considering entering the special dronemarket in New Zealand. The estimated demand for the market isP = 330- 2Q. Both firms can produce the specialty drone at a marginal cost of $30 (thousands).Both Q and P units are thousands.

a)If both firms enter the market what are their Cournot outputs for each firm, market price, and profits per firm?

b)If the only firm enters the market, what would be the monopoly quantity, price, and profit per firm?

c) Create thegame tablebased on the scenario above and theprofitfrom a) and b). What would be the outcome?