Type out the correct answer ASAP with proper explanation 1.Assume inverse demand of P = 20 - 0.2Q where P is the market price and Q is the market demand. Also assume that there are 2 firms who both have a marginal cost of 2.   (a) In a Cournot context, what is the equilibrium price, market quantity, and profit for each firm?    (b) In a Bertrand context, what is the equilibrium price, market quantity, and profit for each firm?

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