Consider a single country and a single good. The demand curve for this good is given by QD = 144 - 4P. There are two firms serving the market: Firm A and Firm B, where Firm A has a marginal cost of $20 and Firm B has a marginal cost of $16. There are no fixed costs incurred by either firm. Assume that these firms compete in Cournot fashion. Part I. How many units of output each firm produces? Show your work.  Part II. What is the equilibrium pr

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