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Consider two firms who are acting as Cournot duopolists. The inverse demand function is represented by...

Consider two firms who are acting as Cournot duopolists. The inverse demand function is represented by ? = 100 − (?1 + ?2). Here, P is the price. ?1 and ?2 are the output levels of Firms 1 and 2.The marginal cost (MC) functions of the two firms are:?? =5 1??2 = 15

Find the profit of the two firms.

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