qf 245 ql qf 245 05ql consider a stackelberg duopoly with the followin
Consider a Stackelberg duopoly with the following inverse demand function: P = 100 – 20, -202. The firms' marginal costs are identical and are given by MCi = 2. Based on this information,the Stackelberg follower's reaction function is: QF = 24.5 - 0.25QL. QF = 49 – 0.25QF. QF = 24.5 – 0.5QL. QF = 24.5 - QL.
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