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Duopoly quantity-setting firms face the market demand = 150 , where is price and is quantity. Each firm has a marginal cost of 60 per

Duopoly quantity-setting firms face the market demand = 150 , where is price and is quantity. Each firm has a marginal cost of 60 per unit. (a) What is the Cournot equilibrium? (b) What is the Stackelberg equilibrium when Firm 1 moves first?

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