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Equilibrium price and profit in Stackelberg Duopoly.

The inverse demand for a homogeneous product Stackelberg duopoly is P = 20,000 - 5Q. The cost structures for the leader and the follower, respectively, are CL (QL) = 3,000QL and Cf (Qf) = 4,000Qf)

a) Determine the equilibrium market price

b) Determine the profits of the leader and the follower

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M917010
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