According to the Stackelberg Duopoly Model, If Both Firms in the Industry

Multiple Choice

According to the Stackelberg duopoly model, if both firms in the industry face identical demands and identical total production costs, then:

A) The Stackelberg leader will produce more than the Stackelberg follower.
B) The Stackelberg follower will produce more than the Stackelberg leader.
C) The Stackelberg leader and Stackelberg follower will produce identical output.
D) The outcome is identical with that predicted by the Cournot model.