The inverse market demand curve is P = 260 - Q, where Q is the output of Firm 1 and Firm 2, q1 + q2. The output of the two firms is identical. 
Definitions:
Raw Materials Inventory
The total cost of all components and materials stored and used in the production of finished goods.
Accounts Payable
Liabilities owed by a business to creditors for purchases of goods and services on credit, to be paid in the near term.
Work in Process Inventory
inventory that is in the production process but not yet completed.
Factory Wages Payable
Liabilities for wages owed to manufacturing employees that have not yet been paid.
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