Unformatted text preview: 3. Be able to describe, graph and solve the follower’s problem and derive his reaction function in the Stackelberg model. 4. Be able to describe, graph, and solve the leader’s problem and derive his reaction function in the Stackelberg model. 5. Be able to describe the price leadership model, mathematically and graphically. 6. Be able to explain how the two models, price leadership, and quantity leadership compare....
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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 University of Wisconsin.
 Spring '08
 Hansen
 Economics, Microeconomics

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