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Suppose that the market demand curve for bean sprouts is given by P = 1,280 - 4 Q , where P is the price and

Suppose that the market demand curve for bean sprouts is given by P = 1,280 - 4Q, where P is the price and Q is total industry output. Suppose that the industry has two firms, a Stackleberg leader and a follower. Each firm has a constant marginal cost of $80 per unit of output. In equilibrium, total output by the two firms will be

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a.300.

b.225.

c.150.

d.75.

e.37.50.

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