Mudboy15911 Mudboy15911

30-05-2024
Business

Answered

Stackelberg competition: Firms choose their quantities sequentially. Firm 1's costs TC(q) = 15 + q, with TC = 0 if q = 0 . Firm 2's costs TC(q) = 6q, Demand: Q(P) = 11 - P . Which of the below is correct?

Answer :

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