Under stackleberg competition between two firms if both, Ask an Expert

Economics

Under Stackleberg competition between two firms, if both firms have the same marginal cost:

the first mover earns a larger profit than the second mover.

The price is higher than under Cournot competition.

both firms produce the same quantity.

the total quantity produced is less than under Cournot competition.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708514

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