In the Stackelberg model, each firm takes the quantities produced by its rivals as given. O...
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In the Stackelberg model, each firm takes the quantities produced by its rivals as given. O prices are higher and quantities are slightly less than we would see if the firms colluded to achieve the monopoly outcome. each firm takes the prices charged by its rivals as given. one firm plays a leadership role and its rivals merely react to the leader's quantity, In the Stackelberg model, each firm takes the quantities produced by its rivals as given. O prices are higher and quantities are slightly less than we would see if the firms colluded to achieve the monopoly outcome. each firm takes the prices charged by its rivals as given. one firm plays a leadership role and its rivals merely react to the leader's quantity,
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