Determine the stackelberg equilibrium with one leader firm, Microeconomics

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Determine the stackelberg equilibrium with one leader firm

Problem

Determine the Stackelberg equilibrium with one leader firm and two follower firms if the market demand curve is linear and each firm faces a constant marginal cost, m, and no fixed cost.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the stackelberg equilibrium with one leader firm

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