Question: The Stackelberg/leader-follower model DIFFERS from the Cournot model in each of the following ways EXCEPT: it allows for different timing of decisions between firms it

The Stackelberg/leader-follower model DIFFERS from the Cournot model in each of the following ways EXCEPT:

it allows for different timing of decisions between firms

it assumes that firms compete through production

it accounts for more than one level of strategic interactions

it allows for differently-sized firms in the market

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