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Current profits

PQb. Determine the current profits of the two firms.Instruction:Firm 1’s profits: $   millionFirm 2’s profits: $   millionc. What would each firm’s current profits be if Firm 1 reduced its price to $10 while Firm 2 continued to charge $15?Instruction:Firm 1’s profits: $   millionFirm 2’s profits: $   million

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