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Although a number of firms are interested in producing electric cars, the monopoly producer of lithium batteries has agreed to provide licensing fee. Each firm can set their output independently. If demand for electric cars is given by P-250-20, and cost for each firm is given by TC 1000+50Q. What is the maximum fee firm1 would be willing to pay in order to produce (select their output quantity) first? What is the maximum fee firm 2 would be willing to pay to produce second? batteries (for free) only to the two firms who agree to pay a
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