A two-firm cartel producing industrial diamonds faces the following demand function: Q=120-10P The total cost function of each firm is TC1 = 4Q1 + 0.1Q12 and TC2 = 2Q2 + 0.1Q22 a, Find the output and profit of each firm and total profit of cartel that maximize total profits  b, Find the output and profit of each firm and total profit of cartel that maximize total revenues

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A: Referenceshttps://www.sciencedirect.com/science/article/pii/0022053187901098https://www.investopedia…

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