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1. Consider the market for tomatoes, which are considered to be homogenous products. There are only twoproducers in the market. The cost functions of producer 1 and producer 2 are given byTC1(q1) =q1andTC2(q2) = 4q2;respectively. Let the demand bep= 10°Q:Find the pro°t level of each producerin a Cournot-Nash equilibrium.2. Consider a Cournot game with homogenous products. There areN°rms in the market, andNis °xed.The demand function is given by