Consider a Stackelberg Duopoly with the Following Inverse Demand Function

question 72

Multiple Choice

Consider a Stackelberg duopoly with the following inverse demand function: P = 100 - 2Q₁ - 2Q₂.The firms' marginal cost are identical and given by MC_i(Q_i) = 2Q_i.Based on this information the Stackelberg follower's marginal revenue function is

• A)MR_F(Q_L,Q_F) = 100 - 2Q_L - 4Q_F.
• B)MR_F(Q_L,Q_F) = 100 - 4Q_L - 2Q_F.
• C)MR_F(Q_L,Q_F) = 100 - 2Q_L - Q_F.
• D)MR_F(Q_L,Q_F) = 100 - Q_L - 2Q_F.

---

Definitions:

Project Management Institute

An international professional organization for project management professionals that establishes standards, provides certifications, conducts research, and offers educational opportunities.

Ethical Issues

Situations or problems requiring a choice between actions that must be evaluated as right (ethical) or wrong (unethical) based on a moral framework.

Critical Path

A critical path is the sequence of project activities which add up to the longest overall duration, determining the shortest time possible to complete the project.

Positive Slack

The extra time available to complete a task beyond the scheduled time, which can help in managing delays in project management.