Question: A duopoly has demand function Q = 100 - p. Marginal costs are c for both firms. Show that the Stackelberg leader produces more than

A duopoly has demand function Q = 100 - p. Marginal costs are c for both firms. Show that the Stackelberg leader produces more than the Cournot output and that the Stackelberg follower produces less than the Cournot output.

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