Question 3 Consider a duopoly market. Firm's cost is C(qi)= 0.28qi;and Q(P)=1,000-1,000P. Answer the following questions.
【題組】(c) Suppose that firm 1 is a quantity setter and firm 2 is a quantity follower (Stackelberg competition). Calculate
firm 1's output q1= _______
and profit π1= _______