What will happen to grenadas and penangs output, Microeconomics

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What will happen to grenadas and penangs output

Problem

Consider the Cournot-Stackelberg competing islands of Penang and Grenada discussed in the previous problem. What will happen to Grenada's and Penang's output if:

a. Grenada's cost of production decreases to $16, while Penang's stays at $20. Explain.

b. Penang's cost of production decreases to $16, while Grenada's stays at $20. Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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