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The inverse demand for a homogeneous - product Stackelberg duopoly is P = 16,000 - 4G. The cost structures for the leader and the follower, respectively, are CL( (DD = 4, OOOQL and CF(QF) = 6, OOOOF. Given the following information about demand and costs from the problem: Inverse demand intercept 16, 000 Inverse demand slope -3 Leader cost slope 4, 300 Follower cost slope 6, 400 Instruction: Update the data in your spreadsheet to the values above and enter the recomputed answers for the original questions. Required: 1 . Determine the equilibrium output level for the leader. 2. Determine the equilibrium output level for the follower. 3. Determine the equilibrium market price. 4. Determine the profits of the leader. 5. Determine the profits of the follower