The figure above depicts a market that contains a market leader and follower firms. The market leader determines the market price and the follower firms charge that same price. Market demand is given by "D," demand faced by the market leader is "DL," supply of the follower/fringe firms is "SF," marginal revenue of the market leader is "MRL," and marginal cost of the market leader is "MCL. * Provide the market price charged by the leader and followers. How many units are produced by the market leader, the followers, and in total? Calculate the leader's total revenue, the combined revenue of the follower firms, and total market revenue. Calculate the leader's market share. $160 $84 $70 $56 700 B MCL SF DL D MRL 1550 1900 2250 a

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