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4. Stackelberg Competition (25 points) Consider a Stackelberg game of quantity competition between two firms. Firm 1 moves first and Firm 2 moves second. Market

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4. Stackelberg Competition (25 points) Consider a Stackelberg game of quantity competition between two firms. Firm 1 moves first and Firm 2 moves second. Market demand is p = 100 -4Q. Each firm has a marginal cost of production equal to 20. a. (25 points) Solve for the equilibrium quantities, showing all your steps

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