Two firms are competing for output leader firm market
Two firms are competing for output. Leader firm market demand is P=1200-Q and other firm demand is Q2=400-0.5Q1. Marginal cost for both is $200. How much is output for firm 1 and 2?
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two firms are competing for output leader firm market demand is p1200-q and other firm demand is q2400-05q1 marginal
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