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Assume an inverse demand function D(p) = a - bp. The leader has a cost function, c(y) = cy and the follower has a
Assume an inverse demand function D(p) = a - bp. The leader has a cost function, c(y) = cy and the follower has a cost function, c(y2) = y2/2. Solve for the leader's profit-maximizing output
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
