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Scenario 2:Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it. The market demand curve is linear and is given as follows: P = 30 – QThe marginal cost to produce this new drink is $3.1. Refer to Scenario 2. What will be the price of this new drink in the long run if the industry is a Cournot duopoly?a. $3b. $9c. $12d. $13.502. Refer to Scenario 2. What will be the price of this new drink in the long run if the industry is a Stackelberg duopoly?a. $3b. $9c. $12d. None of the aboveShow all work

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