This is called the von stackelberg duopoly model for this, Management Theories

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This is called the von stackelberg duopoly model for this

Consider a variation of the Cournot duopoly game in which the firms move sequentially rather than simultaneously. Suppose that firm 1 selects its quantity first. After observing firm l's selection, firm 2 chooses its quantity. This is called the von Stackelberg duopoly model. For this game, describe what a strategy of firm 2 must specify.

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Management Theories: This is called the von stackelberg duopoly model for this

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