Part $1(1$point$)$

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Consider a market with a demand curve given $($in inverse form$)$ by$()=901\mathrm{.}00$P$($Q$)=901\mathrm{.}00$Q$,$ where$$Q$$is total market output and$$P$$is the price of the good. Two firms compete in this market by sequentially choosing quantities$1$q$1$and$2$q$2($where$1+2=$q$1+$q$2=$Q$).$

This is an example of

Choose one:A$.$Stackelberg competition.B$.$Cournot competition.C$.$Bertrand competition.D$.$perfect competition.

Part $2(4$points$)$

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Now suppose the cost of production is constant at $$60\mathrm{.}00$ per unit $($and is the same for both firms$).$ If the two firms are maximizing profit, the leader will produce$$units and the follower will produce$$units$.$ The total amount of production will be$$units and the price of the good will be$$$$.($Give all numerical answers to two decimal places.$)$