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Consider a Stackelberg duopoly where MTC (1) sets the price and Paratus (2) follows.Thisindustry exhibitsa linear demand & cost function. Assume thatq1and q2are quantities of

Consider a Stackelberg duopoly where MTC (1) sets the price and Paratus (2) follows.Thisindustry exhibitsa linear demand & cost function. Assume thatq1and q2are quantities of homogenous items produced by two firms (1 &2). Let P= 50-2(q1+q2) and firms cost functions are given by C1=2+2q1and C2=2.5+10q2. Calculate the equilibrium output, price, and profit for each firm

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