Question: 1. Is a stackelberg solution a Nash (stable) equilibrium?Explain. 2. Does the solution change if stackelberg game is considered in the long run? Explain. 3.

1. Is a stackelberg solution a Nash (stable) equilibrium?Explain.

2. Does the solution change if stackelberg game is considered in the long run? Explain.

3. Would a stackelberg leader collude with the stackelberg follower? Explain.

4. Would a Stackelberg leader be more likely or less likely to merge with the follower firm. Explain.

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