How much output will the leader produce in order

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An industry has two firms-a Stackelberg leader and a follower. The price of the industry output is given by p = 84 - q, where q is total output of the two firms. The follower has a marginal cost of $0. The leader has a marginal cost of $21. How much output will the leader produce in order to maximize his profits?

Reference no: EM132499873

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