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To find the equilibrium output levels and profits for both the leader and the follower in a Stackelberg duopoly, we'll follow these steps: a) Determine
To find the equilibrium output levels and profits for both the leader and the follower in a Stackelberg duopoly, we'll follow these steps: a) Determine the equilibrium output level for both the leader and the follower: In a Stackelberg duopoly, one firm (the leader) sets its output quantity first, and the other firm (the follower) observes the leader's output and then chooses its output quantity accordingly
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