Question: 3. a) How much would the price difference be if two firms with identical total cost functions TC = 30Q; move form Cournot competition to

3. a) How much would the price difference be if two firms with identical total cost functions TC = 30Q; move form Cournot competition to Stackelberg competition facing the market demand Q = 450 - 3P

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How much would price change if two firms with identical total cost functions TC = 45Qi move form Cournot competition to Stackelberg competition facing the market demand Q = 225 - 3P .

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