Suppose duopolists face the demand curve P (q) = 4-q firm one has costs c(q1)=2q1 and firm two has costs c(q2)=2q2 What is the optimal quantity if firm one moves first in a Stackelberg competition?

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.