Two firms compete as a Stackelberg duopoly. The inverse market demand they face is P = 62 - 4.5Q. The cost function for each firm is C(Q) = 8Q. The outputs of the two firms are:
A. QL = 48; QF = 24.
B. QL = 35; QF = 6.
C. QL = 6; QF = 3.
D. None of the statements associated with this question are correct.
1 answer
C. is the correct answer
2 answers