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.The output of the follower firm is represented by the distance _____.
A)OF
B)OK
C)KL
D)FK

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.The output of the follower firm is represented by the distance _____.
A)OF 
B)OK 
C)KL 
D)FK

Quizplus · Accepted Answer

The Answer of 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.The output of the follower firm is represented by the distance _____.
A)OF 
B)OK 
C)KL 
D)FK

Figure 13-1 Shows the Stackelberg Model of a Duopoly