Question: Question # 1 0 : Consider a Leader - Follower duopoly, the firms face an ( inverse ) demand function: P b = 1 0
Question #: Consider a LeaderFollower duopoly, the firms face an inverse demand function: Qb
The marginal cost for firm The Leader is given by The marginal cost for firm The Follower is given by
Assume firm has a fixed cost of $ and firm has a fixed cost of $ How much of the total industry output is produced by firm
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