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Please help with this practice question #3. Here is the other question I have already completed to help answer question #3. (The market for lawn
Please help with this practice question #3. Here is the other question I have already completed to help answer question #3. (The market for lawn mowers has 13 small firms and one dominant market leader.The total market demand is given by QD= 1900 - 3P.The total market supply for the 13 small firms is given by QS= 25 + 2P.The dominant firm has a constant marginal cost of $55 per lawn mower.According to the price leadership model, what is the dominant firm's profit-maximizing price? -----215. Thank you.
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