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The demand function facing a duopoly is P=1000-3(q1 + q2 ). Suppose marginal cost is 10...

The demand function facing a duopoly is P=1000-3(q1 + q2 ). Suppose marginal cost is 10 for each firm and fixed costs are 50 for each. Find the optimal outputs, price, and profits when firm 1 is a von Stackelberg leader. Show your work.

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