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The game is identical to that of stackelberg except that in

Suppose that the specification of a duopoly game was that in either of two stages a firm could commit to its output. The game is identical to that of Stackelberg except that in the first stage both firms can commit to their output. In which stage would the two firms commit to output? What is the SPNE equilibrium?

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Microeconomics: The game is identical to that of stackelberg except that in

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Microeconomics: The game is identical to that of stackelberg except that in

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