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Solve clearly Duopolists following the Cournot strategy face a market demand curve given by P = 80 - Q where Q is total market demand.

Solve clearly

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Duopolists following the Cournot strategy face a market demand curve given by P = 80 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 10 per unit. If firm 1 moves first (Stackelberg Model), how much revenue will firm 2 make? As you work through the problem, do not do any rounding. Report your final answer to two decimal places

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