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The two beverages companies barnco and petrico are

The two beverages companies Barnco and Petrico are duopolists who produce identical products. Demand for the beverages is given by the following linear demand functions: P=200-q1-q2, where q1 and q2are the quantities produce by the respective firms and P is the selling price. Total cost functions of the two companies are: TC1=1500+55q1+q12and TC2=1200+20q2+2q22. Assume that the firms form a cartel to act as a monopolist and maximize total industry profits.

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