1 answer

Consider two Stackelberg firms, Firm Alpha and Firm Omega, each with marginal costs of 50 and...

Question:

Consider two Stackelberg firms, Firm Alpha and Firm Omega, each with marginal costs of 50 and each facing the market inverse demand curve: P=500-1/2Q Firm Alpha moves first, Firm Omega moves second. How many MORE units does Firm Alpha produce than Firm Omega due to first mover advantage?


Answers

DAILY PLAN Alpha (leaders) Omega (follower) profit Total Total Revenue Cost Jo = 1500-6462) Q2 50 Q2 2 Q2 Output produced byDATE 2 Ja=5006 - 6 © (450-Q, (45o- 2 Solo 2 2 2 dura dQ 500-20 450 +22 2 ។ -So=o 2 225 @ + ☺ 2 225= Qi @ 2 Tu5o= 6 Output pro

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