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(Solved): Two firms compete as a Stackelberg duopoly. The demand they face is P = 100 3Q. The cost functio ...



Two firms compete as a Stackelberg duopoly. The demand they face is P = 100 − 3Q. The cost function for each firm is C(Q) = 4Q. The outputs of the two firms are a. Q1 = 24 and Q2 = 12. b. Q1 = 12 and Q2 = 8. c. Q1 = 16 and Q2 = 8. d. Q1 = 20 and Q2 = 15.



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