question archive The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q
Subject:MarketingPrice:2.88 Bought3
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF(QF) = 6,000QF.
What is the follower's reaction function?
