Question 1 (4 points) Which of the following statements regarding industry structure is false? The quantity leader will never get a lower profit in a Stackelberg Equilibrium than it would in the Cournot Equilibrium. The profits earned in a one-shot Bertrand-Nash Equilibrium with two firms are the same as in a perfectly competitive industry. The competitive level of industry output is always greater than the Cournot level (for a finite number of firms). ONone of the above