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:

Multiple Correlation

A statistical technique that measures the strength of a relationship between a dependent variable and two or more independent variables.

Criterion Variable

Another term for the dependent variable, it's the outcome variable that researchers are interested in predicting or explaining.

Regression

A statistical method to model the relationship between a dependent variable and one or more independent variables, predicting the value of the dependent variable based on the independents.

Predict

To make an informed guess about the future state or outcome based on current data or patterns.