Question: Please help with this practice question. The market for lawn mowers has 13 small rms and one dominant market leader. The total market demand is

Please help with this practice question.

The market for lawn mowers has 13 small rms and one dominant market leader. The total market demand is given by QD = 1900 - 3P. The total market supply for the 13 small rms is given by Q5 = 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? (Write answer without the dollar sign.)

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