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Stackelberg leader in choosing its quantity first

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A duopoly faces the demand curve D(p) = 30 - .5p. Both firms in the industry have a total cost function given by C(q) = 4q. Suppose that Firm 1 is a Stackelberg leader in choosing its quantity first. Firm 1's profit function can be written as....

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Reference no: EM132328704

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