Question: Please help with this practice question #3. Here is the other question I have already completed to help answer question #3. (The market for lawn
Please help with this practice question #3. Here is the other question I have already completed to help answer question #3. (The market for lawn mowers has 13 small firms and one dominant market leader.The total market demand is given by QD= 1900 - 3P.The total market supply for the 13 small firms is given by QS= 25 + 2P.The dominant firm has a constant marginal cost of $55 per lawn mower.According to the price leadership model, what is the dominant firm's profit-maximizing price? -----215. Thank you. please view attached.

The market for lawn mowers has 13 small firms and one dominant market leader. The total market demand is given by QD = 1900 - 3P. The total market supply for the 13 small firms is given by Qs = 25 + 2P. The dominant firm has a constant marginal cost of $55 per lawn mower. At the profit-maximizing price chosen above in (1), the dominant firm will produce lawn mowers and the total output of all 13 small firms together will be lawn mowers
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