Question

1. Suppose a market is described by demand P = 100 - 2Q and there are...

1. Suppose a market is described by demand P = 100 - 2Q and there are two firms engaged in Stackelberg Competition each with a MC = 10 What is the consumer surplus in this market (Round market output to the nearest integer)?

1. 828
2. 1916
3. 1156
4. 1811

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