Question 3 Consider a duopoly market. Firm's cost is C(qi)= 0.28qi；and Q(P)=1,000-1,000P. Answer the following questions.
申論題內容
(c) Suppose that firm 1 is a quantity setter and firm 2 is a quantity follower (Stackelberg competition). Calculate firm 1's output q1= _______ and profit π1= _______
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