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How Does the Leader's Behavior in the Quantity-Leadership (Stackelberg)game Compare

Question 10

Multiple Choice

How does the leader's behavior in the quantity-leadership (Stackelberg) game compare to that in the analogous price-leadership game?


A) It behaves as a "puppy dog" in both.
B) It behaves as a "top dog" in the quantity leadership game but a "puppy dog" in the price leadership game.
C) It behaves as a "top dog" in the quantity leadership game but a "puppy dog" in the price leadership game
D) It behaves as a "top dog" in both.

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