Quantity leader in stackelberg model

Reference no: EM1316627

Suppose there are only two firms. It is better to be a quantity leader in a Stackelberg model than a member of a cartel in a one shot market. Use a graph if you want.

(Note:"One shot" means they only are in this market one time, not repeatedly. So think about what is the nash equilibrium of this one time market and then answer the question on what is better.)

Reference no: EM1316627

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