What is the stackelberg equilibrium when firm 1 moves
Duopoly quantity-setting firms face the market demand
Each firm has a marginal cost of $60 per unit.
a. What is the Cournot equilibrium?
b. What is the Stackelberg equilibrium when Firm 1 moves first?
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duopoly quantity-setting firms face the market demandeach firm has a marginal cost of 60 per unita what is the cournot
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