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please help with questions True or False 21. If two identical firms behave according to the Stackelberg model, the joint production is higher than if

please help with questions True or False

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21. If two identical firms behave according to the Stackelberg model, the joint production is higher than if the same firms act as a Cournot.~ 22. The outcome of the Stackelberg model is a Nash equilibrium 23. A few firms with market power selling an identical product and competing over price arrive to the competitive equilibrium. ~ 24. In an oligopoly setting, joint profits are the highest when firms act according to a Stackelberg model. 25. In the presence of a negative externality generated by producing a good, a competitive market will produce less of that good than is socially optimal. ~ 26. An example of the tragedy of the commons is when farmers pump more groundwater from an aquifer than is socially optimal

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