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Two firms, App and Sam, producing a good named Smart13 compete in a Stackelberg duopoly. The inverse demand equation is 1 P = 25 -
Two firms, App and Sam, producing a good named Smart13 compete in a Stackelberg duopoly. The inverse demand equation is 1 P = 25 - -(q, + q,) . The total cost function for App ( the leader) is TC1 = 1q, and the total cost function for Sam ( the follower) is TC2 = 3q, . Determine the leader's maximum profit
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