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Exercise 4: Stackelberg in prices Suppose there are two firms in the market.r a leader and a follower. Both have the same cost function: C(q}

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Exercise 4: Stackelberg in prices Suppose there are two firms in the market.r a leader and a follower. Both have the same cost function: C(q} = \"i and the}r face the following individual demands: minim} = w m \"rim Pf} wimpy) = It - Pf "rip; FL} wherea=3,*r={i.5ando=1 a] [11".] points} Find the equilibrium prices, quantities and prots

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