Multiple Choice
Two firms compete as a Stackelberg duopoly.The demand they face is P = 100 − 3Q.The cost function for each firm is C(Q) = 4Q.The outputs of the two firms are:
A) QL = 16; QF = 8.
B) QL = 24; QF = 12.
C) QL = 12; QF = 8.
D) QL = 20; QF = 15.
Correct Answer:
Verified
Correct Answer:
Verified
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