Under stackleberg competition between two firms if both


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: Under stackleberg competition between two firms if both
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