Question
Consider a market consisting of two firms where the inverse demand curve is given by P = 500 2(Q 1 + Q 2 ). If
Consider a market consisting of two firms where the inverse demand curve is given by P = 500 2(Q1+ Q2). If the Stackelberg leader's and follower's marginal costs are zero, the leader's marginal revenue is:
multiple choice:
a) MR(QL, QF) = 125 - QL+0.5QF
b) MR(QL) = 250 - 2QL
c) MR(QF) = 250 - 2QF
d) MR(QL, QF) = 125 - 0.5QL+QF
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
