Aduopoly faces an inverse market demand of: p equals 390 minus 3 q 1 minus 3 q 2. you are told that firm 1 is the leader and firm 2 is the follower. otherwise the firms are identical, each with a constant marginal cost of $90. what oligopoly model will you use to analyze this market?

Stackelberg duopoly

Explanation:

The Stackelberg duopoly is characterized by having two firms that produce a homogeneous good, both face the same costs and the same demand. One of the two firms is the leader and the other is the follower. This happens because one of them is bigger or is more recognized. The leader firm can choose the quantity that it will produce (q1) and then the follower firm will produce according to the leader firm choice. In game theory, people use backward induction to find the Nash equilibrium.  

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.