W Consider the following game with two players, rm 1 (market leader) and firm 2 (the follower) with the same constant marginal cost be c = 5. Let the market clearing price be written as P = 53-0, where Q = ql+q2 is aggregate output. The timing of the game is as follows, rm 1 makes its output decisions before firm 2. In the second stage, rm 2 observes rm l'a choice and makes its decision. i. Find the subgame perfect Nash equilibrium output, price and prots for each rm. [12 marks] ii. Suppose now that the rms make decisions simultaneously, nd the subgame perfect Nash equilibrium output, price and prots of each rm. [9 marks]