Two 2 question related to this are :G . Determine the equilibrium output level for both the leader and the follower and equilibrium market price.H. Derermine the profits of the leader and the follower.Typed answer only please

Time left 1:26: Part I The graph below depicts two demand curves for an oligopolistic firm producing/selling a differentiated product, one when rivals match the firm's price changes and the other one when rivals do not match price changes. Initially, the firm is at point A. Price 110 100 90 A 12 15 18 24 Quantity a) Which demand curve is more inelastic? Explain why? b) Which demand curve is relevant when rivals will match price change? Explain why? c) Suppose you are the owner of this firm and you know for sure that your opponents will mimic price reduction decision but will not match price increases. What price will the firm be able to charge if it produces 5 units? Specify the approximate price range. d) How many units will the firm sell if it charges a price of $90? e) For what range in marginal cost will the firm continue to charge a price of $60? Part II The inverse demand for a homogeneous-product Stackelberg duopoly is P=16,000-40. The cost structures for the leader and the follower, respectively, are CL(Q))=4,000Q, and CF (OF)=6,000QF. [NOTE: Show all the details and steps of your calculation to answer following questions] f) What is the follower's reaction function