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Consider a Stackelberg model, where the leader moves first. Demand in this market equals: P =260-2Q and the marginal cost of production is constant and

Consider a Stackelberg model, where the leader moves first. Demand in this market equals: P =260-2Q and the marginal cost of production is constant and equals $20 per unit. Discuss how the leader chooses its profit-maximizing output in this setting.

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