Firm Sam-Boom and Firm Apple-Pen are the two only producers of mobile phone in the market. Their pro

Firm Sam-Boom and Firm Apple-Pen are the two only producers of mobile phone in the market. Their products are heterogeneous. The demand functions and total cost functions faced by the two firms are given as follow: Qs = 400 – Ps + 0.5PA TCs = 30000 + 50Qs la = 400 – PA + 0.5PS | TCA = 20000 +500A Calculate the profit maximizing output, price and profit for each firm.

 

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