In the stackelberg model of oligopoly

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Reference no: EM13830495

In the Stackelberg model of oligopoly, the leader firm:

A) sets the price in the market which the follower firms take as given.

B) produces a larger quantity than follower firms and enhances its profits.

C) chooses output and prices irrespective of the other firms in the market.

D) produces a level of output which is equal to that of the follower firms.

Reference no: EM13830495

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