How might the cartel agreement have to differ if we were currently engaged in Stackelberg competition? (Hint:
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How might the cartel agreement have to differ if we were currently engaged in Stackelberg competition? (Hint: Think about how the cartel profit compares to the Stackelberg profits for both firms, and use the Stackelberg price you determined in exercise 25a.9 along the way.)
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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