Question: The below figure is a game tree showing a Stackelberg model of an oligopoly with one Leader firm and one Follower firm, choosing their

The below figure is a game tree showing a Stackelberg model of

The below figure is a game tree showing a Stackelberg model of an oligopoly with one Leader firm and one Follower firm, choosing their level of production in sequence. Describe the Subgame Perfect Nash Equilibrium, and the response and actions by the Leader and followers. Follower 3 54 54 45 60 6 27 54 Follower 60 45 3 48 48 Leader 6 6 24 36 54 27 3 NW. 64 36 24 Follower OO

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