Author Question: In the Stackelberg leadership model, a. the leader earns a larger profit compared to the follower. ... (Read 125 times)

Capo · **on:** Jun 30, 2018

In the Stackelberg leadership model,
a. the leader earns a larger profit compared to the follower.
b. the leader charges a higher price for its output compared to the follower.
c. the follower produces a larger output compared to the leader.
d. the follower charges a lower price for its output compared to the leader.

Question 2

Firms in monopolistically competitive markets can differentiate their products on the basis of:
a. brand identity.
b. quality.
c. convenience.
d. all of the above.