mirco-economics

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What should firm #1 do to maximize its prots in the following modication of
the quantity leadership (Stackelberg) model?
Firms 1 and 2 produce a homogeneous good ; firm #1 chooses its output rst,
followed by firm #2 (with firm #2 observing firm #1’s output before making its own
output choice) ; the inverse demand function for the good is
p = 24 (y1 + y2

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