Two firms compete as a Stackelberg duopoly. The demand they face is P = 402 - Q. The cost function for firm 1 (the leader) is C1(Q1) = 2Q1, and the cost function for firm 2 (the follower) is C2(Q2) = 6Q2. The equilibrium output for each firm is:<\/p>
<\/p>
A. Q1 = 202 and Q2 = 97<\/p>
B. Q1 = 200 and Q2 = 99<\/p>
C. Q1 = 232 and Q2 = 102<\/p>
D. Q1 = 198 and Q2 = 100<\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting in an Economic Context", "isbn": "9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292", "edition": "8th Edition", "authors": "Jamie Pratt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/61.jpg", "uri": "\/textbooks\/financial-accounting-in-an-economic-context-8th-edition-61", "see_more_uri": "" }, "free_related_book": { "isbn": "1721108114", "uri": "\/textbooks\/instagram-marketing-how-to-grow-your-instagram-page-and-gain-millions-of-followers-quickly-with-step-by-step-social-media-marketing-strategies-1st-edition-978-1721108114-164947", "name": "Instagram Marketing How To Grow Your Instagram Page And Gain Millions Of Followers Quickly With Step By Step Social Media Marketing Strategies", "edition": "1st Edition" }, "question_posted": "2024-06-13 15:26:53", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/your-company-is-expanding-its-operations-to-include-overseas-markets", "description": "Your company is expanding its operations to include overseas markets. 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