From the Stackelberg model and the Cournot model

How the assumptions and predictions of the Stackelberg model differ from the assumptions and predictions of the Cournot oligopolistic competition model for quantities.

Normally, all else equal, the more uncertainty there is, the lower the value of a project. How do you explain then that real options are more valuable the more uncertainty the project has?

What is a focal point and why is it important?

Describe how Sutton's conceptual framework explains (i) the existence of much variation in the size of firms in an industry, and (ii) the skewed nature of the distribution of firm sizes in an industry.