In the Stackelberg Model, There Is an Advantage

question 45

Multiple Choice

In the Stackelberg model, there is an advantage:

• A) to waiting until your competitor has committed herself to a particular output level before deciding on your output level.
• B) to being the first competitor to commit to an output level.
• C) to the firm with a dominant strategy.
• D) to producing an output level which is identical to a monopolist's output level.

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