The Outcome of the Stackelberg Model Is

question 26

Multiple Choice

The outcome of the Stackelberg model is

• A) a Nash equilibrium.
• B) the same as the Cournot outcome.
• C) that the follower earns zero profit.
• D) that the follower cannot be on its best-response curve.

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Definitions:

Relationship

A connection or association between two or more entities, often characterized by a pattern of interactions or a particular bond.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other.

Mode

The value that occurs most frequently in a data set.

Range

A measure of variability. The difference between the highest score and the lowest score.