Two Firms Compete in a Stackelberg Fashion

question 85

Multiple Choice

Two firms compete in a Stackelberg fashion. If firm 2 is the leader, then:

• A) firm 1 views the output of firm 2 as given.
• B) firm 2 views the output of firm 1 as given.
• C) Both firm 1 views the output of firm 2 as given and firm 2 views the output of firm 1 as given are correct.
• D) None of the answers is correct.

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Definitions:

Egyptian

Pertaining to the culture, people, or history of Egypt, especially that of ancient Egypt.

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