You are a manager of one of two identical widget-producing firms. Each firm produces the same good and faces the same costs of production described by the following total cost function: TC = 1500+8q where q is the output of an individual firm. A market research company has found that market demand for widgets can be described as P = 200 2Q where Q = q1 + q2, where q1 is your output and q2 is your rival' s output. The board of directors has directed you to choose an output level that will maximize the firm's profit. If competition is Cournot, what output level will you choose? How will you explain your decision to the board of directors?