Question: Please answer correct calculation asap plz Don't answer by pen paper plz Two firms both produce leather boots. The inverse demand equation is given by

Please answer correct calculation asap plz

Don't answer by pen paper plz

Two firms both produce leather boots. The inverse demand equation is given by P = 340 - 2Q, where P is the price of boots in USD/pair and Q is quantity of boots in million pair. The cost function is given by: C(Q) = 40Q. If the two firms are Stackelberg oligopolists), the price is equal to:

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