O max , ( 30 - 2 92)92 - 1092 QUESTION 17 10 Consider the following Stackelberg duopoly. Both firms produce a homogenous good. Firm 1 chooses how much to supply first. Firm 2 chooses how much to supply after observing the quantity supplied by firm 1. The market demand is Q = 90 - 3 P. For firm /, the total cost of production is TC(q;) = 10q; Is the strategy profile (30,15) a Nash Equilibrium? O True O False QUESTION 18 10 po Consider the following Stackelberg duopoly. Both firms produce differentiated goods. For form i, the demand is q, =50 - p; + pj. Firm 1 chooses the price first. Firm 2 chooses the price after observing the choice of firm 1. For firm i, the total cost function is TC(q;) = 10q,. What is P 1? 85 O 72.5 60 O 48.5 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers S MacBook Air