Use the Following Figure to Answer the Question : Figure

question 34

Multiple Choice

Use the following figure to answer the question : Figure 13-1 : shows the Stackelberg model of a duopoly.Both firms face constant marginal costs equal to OJ and the market demand curve is AD.The Stackelberg firm produces an output of OF and OF is equal to FL.
-Refer to Figure 13-1.In the Stackelberg equilibrium,the total industry output is _____.

• A)OF
• B)OK
• C)OE
• D)OL

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Definitions:

High Performance Capability

The ability of an individual or organization to perform at an exceptionally high level, often exceeding standard expectations.

Intellectual

Relating to the ability to think and understand ideas and information at a complex level.

Creative

The quality or ability to create or invent something original and valuable.

Cross-sectional Studies

Research that analyzes data from a population, or a representative subset, at a specific point in time to examine relationships between variables.