Suppose the inverse demand for a particular good is given by P=1200−12Q. Furthermore, there are only two firms, A and B. Firm A's marginal cost is a constant $25, and Firm B's marginal cost is a constant $20.A) If these firms engage in Cournot competition, then Firm A's output will be _____.
B) If these firms engage in Cournot competition, then Firm B's profit will be _____.
C) Assume these two firms engage in Cournot competition.
If we assume that the firm with the lowest costs could supply the entire market, then the deadweight loss due to the market power these two firms exert through Cournot competition equals $_____.
D) Assume these two firms engage in Stackelberg competition, where Firm A moves first.
Then, Firm A will produce _____ units.
E) Assume these two firms engage in Stackelberg competition, where Firm A moves first.
If we assume that the firm with the lowest costs could supply the entire market, then the deadweight loss due to the market power these two firms exert through Stackelberg competition equals $_____.
[Round your answer to the nearest two decimals.]