($706,880 Question 30 3.33 pts Two ophthalmologists, Smith and Jones, are duopolists in a medium sized local market for laser corrective eye surgery where the demand curve is P - 4,360 - 2.5QTOT. QTOT is the number of surgeries performed by both doctors combined. The marginal cost for both doctors is $1,000. Each doctor is to choose the size of his own clinic (= QF & QR.) Neither doctor will know the exact choice of the other when deciding on his own clinic size. What can be said about the new profit level for Dr. Smith using the Stackelberg solution? It will be less than his profit under the Cournot solution because price is higher but industry total output (Qu + Qs) is less in the Stackelberg solution. It will be greater than his profit under the Cournot solution because industry total output (Q, + Qs) is greater. It will be greater than his profit under the Cournot solution because the price is higher. O It will be less than his profit under the Cournot solution because industry total output (Q, + Qs) is higher AND price is lower in the Stackelberg solution. It will be less than his profit under the Cournot solution because the leader sets the price in the Stackelberg model. U