What is the stackelberg equilibrium when firm 1 moves

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Reference no: EM13239486

Duopoly quantity-setting firms face the market demand

p=150-q1-q2

Each firm has a marginal cost of $60 per unit.

A. What is the Cournot equilibrium?

B. What is the Stackelberg equilibrium when Firm 1 moves first?

Reference no: EM13239486

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