In the Stackelberg leadership model, a. the leader earns a ...

[Capo]

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.

[helenmarkerine]

Answer to Question 1

A

Answer to Question 2

d

[Capo]

TYSM

[jamesnevil303]

Thanks for the timely response, appreciate it