8100

I need help with the following question: A market is initiallyserved by a monopoly firm Ac€?oAAc€?c with demand given by Q=400-P, andmarginal costs given by MC=100. Find the monopoly price andquantity. Now, a new firm Ac€?oBAc€?c enters the market, and takes AAc€?csinitial output as given. Find AAc€?cs profit maximizing price andquantity under this assumption. Have B respond to the new entrantunder the same assumption that AAc€?cs output is given. Repeat thisprocess for three additional iterations.