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A market that follows the price leadership of a barometric firm has the following demand function: Q D,M =800-0.5P The follower firms have the following

A market that follows the price leadership of a barometric firm has the following demand function:

QD,M=800-0.5P

The follower firms have the following aggregate marginal cost function:

MCF=2QF

The barometric firm has a horizontal marginal cost curve equal to $600.

The total industry output will be:________ .

The market price will be:__________ .

The output by the barometric firm will be:_______ .

The output by the follower firms will be:________ .

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