Suppose that there are 2 identical firms in an industry, each forming the same good at the same constant marginal cost of $60. The Consumer Demand is given by:
P = 600 - 20*Q
Make a table, similar to the one we made in class, for the Cournot, Bertrand, and the Monopoly models, showing the following: individual and aggregate outputs; equilibrium price; the individual and aggregate profits.