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The market demand curve for a pair of duopolists is given as P = 34 - 4Q, where Q= Q1 + @2. The constant per

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The market demand curve for a pair of duopolists is given as P = 34 - 4Q, where Q= Q1 + @2. The constant per unit marginal cost is $22 for each duopolist. Find the equilibrium price, total quantity and profit for each firm, assuming the firms act as a Stackelberg leader and follower, with firm 1 as the leader. Instructions: Round your answers for equilibrium price and profits to the nearest penny (2 decimal places) and round your answer for quantity to 1 decimal place. Equilibrium price: $ Quantity: Profit for firm 1: $ Profit for firm 2: $

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