An industry has two firms. The demand curve for the industry's output is given by p = 370 - 2q, where q is total industry output. Each firm has constant marginal cost equal to 10. Suppose that one firm is the Stackelberg leader and the other firm is the Stackelberg follower. The leader will choose an output of:.

Select the word from the list that best fits the definition sometimes

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?