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Let market demand for a Cournot duopoly be represented by P=4500-(2Q1+2Q2), while total costs for firm...

Let market demand for a Cournot duopoly be represented by P=4500-(2Q1+2Q2), while total costs for firm 1 and 2 are respectively, TC1(Q1)=12Q1 2 and TC2(Q2)=12Q2 2 . Calculate equilibrium output, price, and profit of each firm. 10 pts

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