Use the Following Figure to Answer the Question : Figure

question 18

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.The Stackelberg firm's residual demand curve is given by:

• A)AC
• B)BCD
• C)BE
• D)JCD

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