Suppose there are two identical firms producing Kale Pops, Anvil and Bale. They both have the same constant marginal cost of production of $2 and face the market demand curve Qd= 100-P. Each firm knows everything about each other. The only difference is that Anvil chooses how much it will make first, and once Anvil chooses, Anvil can not change that decision.
-What will Anvil choose?
-What will the other firm, Bale, chose to produce? (Hint: How should Anvil think about how much Bale will produce when Anvil decides how much to produce?)