Suppose the inverse market demand function for a homogenous-product Stackelberg duopoly is 802(91 +92) and Q = 9 +92 is the total output produced in the market, Pis the market price, q is the quantity of output produced by the leader, q2 is the quantity of output produced by the follower. The total cost structures for the leader and follower are TC = 2q and TC = 492 respectively. 1. What are the characteristics of a Stackelberg Oligopoly (From your textbook) 2. Write down the Formula: Equilibrium Outputs in Stackelberg Oligopoh including all the wording. From your textbook) given by P H 3. Using the formulas from question 2, determine the values of the leader's output q, and the follower's output 92- 4. Determine the equilibrium market price. 5. Determine the profits of the leader and the follower