Question 1 Demand in a market is given by the following demand function: p = 90 - Q; where Q is total output produced in that industry.

Question 1Demand in a market is given by the following demand function:p = 90 - Q;where Q is total output produced in that industry. Suppose that firms produce at zero marginal cost, but have a fixed cost f = 4: Firms engage in Cournot competition, choosing output simultaneously.(a)