QUESTION 14 10 points Save Answer In the Stackelberg model, there is an advantage O to waiting until your competitor has committed herself to a particular output level beforedeciding on your output level. O to being the first competitor to commit to an output level. O to the firm with a dominant strategy Oto neither firm because each will undercut the other's price until any advantage disappears. O to neither firm because each ignores the actions of the other in their decisions. QUESTION 15 10 points Save Answer There are two firm with each total cost function, 10Q. Assuming the market demand is Q=130-P and Firm 1 maximizes its profit by producing 40 quantities. What is the maximized quantity amount for Firm 2 given those firms are under the Cournot model competition? O 40 50 55 60