Question
Consider a Stackelberg duopoly with the following inverse demand function: P = 100 – 2Q1202. The firms' marginal costs are identical and are given by MCi = 2. Based on this information,%3Dthe Stackelberg leader's reaction function is: QL = 24.5 - 0.5QF. QL = 50 – 0.5QF.%3D QL = 49 - 0.5QF. None of the preceding answer
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