Multiple Choice
Use the following figure to answer the question : Figure 13-1 : shows the Stackelberg model of a duopoly.Both firms face constant marginal costs equal to OJ and the market demand curve is AD.The Stackelberg firm produces an output of OF and OF is equal to FL.
-Refer to Figure 13-1.The output of the follower firm is represented by the distance _____.
A) OF
B) OK
C) KL
D) FK
Correct Answer:

Verified
Correct Answer:
Verified
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