A Duopoly Faces the Demand Curve D(p)= 30 -

question 32

Multiple Choice

A duopoly faces the demand curve D(p) = 30 - .5p.Both firms in the industry have a total cost function given by C(q) = 4q.Suppose that firm 1 is a Stackelberg leader in choosing its quantity first.Firm 1's profit function can be written as

• A)q₁ = 14 - .5q₂.
• B)q₂ = 14 - .5q₁.
• C)28q1 - q²₁.
• D)56q1 - q²₁.
• E)60q - q².

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Psychotherapists who focus on the interpersonal relationships of the patient, believing these relationships play a significant role in mental health.

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A branch of psychoanalysis that emphasizes the importance of interpersonal relationships in the development and treatment of mental disorders.

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