The inverse demand for a homogeneous-product stackelberg duopoly is p = 16,000 – 4q. the cost structures for the leader and the follower, respectively, are cl(ql) = 4,000ql and cf (qf) = 6,000qf.. a. what is the follower’s reaction function? qf = - ql b. determine the equilibrium output level for both the leader and the follower. leader output: follower output: c. determine the equilibrium market price.

In a sumif conditional function, what should be the order of terms in the parentheses?

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage