Question: Hi, Can u help me solve this please QUESTION 8 An industry has two firms producing at a constant unit cost of E30 per unit.

Hi, Can u help me solve this please

Hi, Can u help me solve this please QUESTION 8 An industry

QUESTION 8 An industry has two firms producing at a constant unit cost of E30 per unit. The inverse demand curve for the industry is p = 330 - 1.5g. Suppose that firm 1 is a Stackelberg leader in choosing lis quantity (file., firm 1 chooses its quantity first, knowing that firm 2 will observe firm 1's quantity when it chooses its own output. ) How much output will firm 1, the leader, and firm 2, the follower, produce? O a. The leader will produce 150 units; the follower will produce 75. O b. The leader will produce 100 units; the follower will produce 75. O c. The leader will produce 50 units: the follower will produce 100. O d. The leader will produce 100 units; the follower will produce 50. O) e. None of the other answers is correct

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