Illustrate what is the follower''s reaction function


Stackelberg Duopoly and reaction function.

The inverse demand for a homogeneous product Stackelberg duopoly is P = 20,000 - 5Q. The cost structures for the leader and the follower, respectively, are CL (QL) = 3,000QL and Cf (Qf) = 4,000Qf)

Illustrate what is the follower's reaction function?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Illustrate what is the follower''s reaction function
Reference No:- TGS017019

Expected delivery within 24 Hours