LG10 - 3. Be able to describe, graph and solve the...

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University of Wisconsin Department of Economics Economics 301: Intermediate Microeconomic Theory Korinna K. Hansen Learning Guide 10 Due Date: Monday, April 28, 2008 Reading Assignment: Varian Chapter 27 Problem Assignment: Problems 3 and 5 on page 503. Objectives: After completing the assignment you should be able to do the following: 1. Be able to describe an Oligopoly, and the different forms it could possibly take. 2. Be able to describe the quantity leadership model (Stackelberg model).
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Unformatted text preview: 3. Be able to describe, graph and solve the followers problem and derive his reaction function in the Stackelberg model. 4. Be able to describe, graph, and solve the leaders 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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