The Stackelberg solution
{"Image DocumentName": "The Stackelberg solution", "Image ImageDescription": "Output of firm 2 (q2) Firm 1\u2019s Reaction Function. \u03c01. Firm 2\u2019s Reaction Function. E. \u03c02. \u03c03. \u03c04. Output of firm 1 (q1) Firm 1 (the leader) chooses the point on the reaction function of firm 2 (the follower) that is on the lowest attainable isoprofit curve of firm 1: point E.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}