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FIRM1FIRM2ExpectQ2reactioncurvef1(Q2)MaxProfitExpectQ1reactioncurvef2(Q1)MaxProfitProfit600000580000560000540000520000500000480000460000440000420000400000Profit600000580000560000540000520000500000480000460000440000420000400000expectsfirm2Q270000expectsfirm1Q150000FIRM1135,000793,500FIRM2141,667904,167Q2L65060782117534872617700006748565060627166044658242.806065610154016.46173Q1L59593704676816365930637606164959593575875562753711.500655183749999.99943Fixedcost$300,000Fixedcost$300,000250,000750003750050,000141667904167Q2H204940191789194652197383200000202515204940207284209554211757.2019213899215983.5463Q1H223740212867215170217404219573221684223740225747227706229621.8407231497233333.3419variablecost72000variablecost100000232,000810009366070,000135000793500constant20.00constant20.00214,0008700015414090,000128333688167slope0.00004slope0.00004196,00093000218940110,000121667588167n20n20n20n20n20n20n20n20n20n20n20nUnitsaleprice15.60Unitsaleprice16.00178,00099000288060130,000115000493500Step5679Step6238Step6752Step7228Step7676Step8098Step7120Step7574Step8002Step8408Step8796Step160,000105000361500150,0001083334041677821170000726177000067485700006271670000582437000054016700007046750000659305000061649500005758750000537125000050000QuantityQ140000QuantityQ250000142,000111000439260170,00010166732016783890809567885584065742368750069944912906591995473621151000917614665295721686883268401726956481576922613878155458098AVC(Q)1.80AVC(Q)2.00124,000117000521340190,00095000241500895698944385093946968098810039477173106561735941132307021312043981824772847840683178751528949272044962656906310353466197AFC(Q)7.50AFC(Q)6.00106,000123000607740210,00088333168167952489590291332102597877391097448440111735981270125459783121340668750386612846459403081904101851792721101037673911881474295AC(Q)9.30AC(Q)8.0088,000129000698460230,00081667100167100927100676975701082909449111631191630124742889461335898641014286293182937649088310210788655110785865001198178441412922182393MC(Q)2.60MC(Q)3.0070,000135000793500250,000