i This is a Numeric Entry question / It is worth 3 points / You have 1 of 2 attempts remaining / There is no attempt penalty 02 Question (3 points) e See page 523 V 1st attempt Feedback See Hint Imagine that the flat-screen TV market is made up of one large firm that leads the industry and sets its own price first, and another firm that follows the leader when deciding its own profit-maximizing strategy. The leader has a cost function of CL(qL) = 5qL, and the follower has a cost function of CF(qF) = 2 , where Q = qL + qF. Total market demand for flat-screen TVs is given by the function Q = 250.00 - 2p. Calculate the following values: Leading firm's production: q1 = * 55.83 (Round to two decimals if necessary.) Follower firm's production: qF = * 48.54 (Round to two decimals if necessary.) Equilibrium price: p = * $ 72.82 (Round to two decimals if necessary.) 2 OF 9 QUESTIONS COMPLETED VIEW SOLUTION C TRY AGAIN DEC 1 7,024 2 MacBook Pro