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Unformatted text preview: Both firms in the industry have a total cost function given by C(q) = 4 q. Suppose that firm 1 is a Stackelberg leader in choosing quantity first. What is firm 1s profit function?...
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This note was uploaded on 08/08/2008 for the course ECON 301 taught by Professor Hansen during the Spring '08 term at Wisconsin.
- Spring '08