Consider two firms facing the demand curve P=90-5Q, where Q Q₁+Q2. The firms' cost functions are and C₁ (Q₁) = 10+5Q₁ C₂ (Q2)= =5+1002- Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produce units of output, of which Firm 1 will produce units and Firm 2 will produce | units. (Enter a numeric response using a real number rounded to two decimal places.) What is each firm's equilibrium output and profit if they behave noncooperatively? Use the Cournot model. If the firms compete, then Firm 1 will produce units of output and Firm 2 will produce units of output. Firm 1's output 18- 17- 16- 15- 14- 13 12 11- 104 어 어 44 2 1- 9 10 11 12 13 14 15 16 17 18 Firm 2's output