Answer Happy

Question 1 10 pts Firm A and Firm B are the only two firms in a market where price is determined by the inverse demand function: P = 126 - Q. Q is the sum of Firm A and Firm B's output, so Q = QA + qB Firm A's total cost function is given by TCA(9A) = 99A Firm B's total cost function is given by TCB(9B) = 4qB If these firms Cournot compete (simultaneously setting quantities), what will market output be when both firms are maximizing profits in equilibrium? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)