the inverse market demand in a homeogenous product Stackelberg doupoloy is given by p=200-4(ql+qf) and costs are given by CL(QL)=200QL, CF(QF)=400Qf. Determine the follower's reaction function. Determine the equilibrium output level of both the leader and the follower. Determine the equilibruim market price. determine the profits of the leader and the follower.
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