Suppose duopolists face the demand curve P (q) = 4-q firm one has costs c(q1)=2q1 and firm two has costs c(q2)=2q2 What is the optimal quantity if firm one moves first in a Stackelberg competition?

The market demand curve for a pair of duopolists is given as P = 21 − 2Q, where Q = Q1 + Q2. The constant per unit marginal cost is $9 for each duopolist. Find the equilibrium price, total quantity and profit for each firm, assuming the firms act as a Stackelberg leader and follower, with firm 1 as the leader.

A monopolist faces a ______ demand curve, while a perfectly competitive firm faces a ______ demand curve.    options:   downward sloping; upward sloping.   horizontal; downward sloping.   downward sloping; horizontal.   downward sloping; vertical.