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28 Sep 2019
1. Suppose the inverse demand function for two firms in a homogeneous-product, Stackelberg oligopoly is given by P = 190 -4 (Q1 + Q2) and their costs are zero. Firm 1 is the leader, and firm 2 is the follower. What is firm 1s output?
2. Suppose the inverse demand function for two firms in a homogeneous-product, Stackelberg oligopoly is given by P = 160 -1 (Q1 + Q2) and their costs are zero. Firm 1 is the leader, and firm 2 is the follower. What is firm 2s output?
1. Suppose the inverse demand function for two firms in a homogeneous-product, Stackelberg oligopoly is given by P = 190 -4 (Q1 + Q2) and their costs are zero. Firm 1 is the leader, and firm 2 is the follower. What is firm 1s output?
2. Suppose the inverse demand function for two firms in a homogeneous-product, Stackelberg oligopoly is given by P = 160 -1 (Q1 + Q2) and their costs are zero. Firm 1 is the leader, and firm 2 is the follower. What is firm 2s output?
Joshua StredderLv10
28 Sep 2019