1. The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are dif

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1. The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are different. Which market would the Department of Justice most prefer? Explain.
2. The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are different. Which market would the Department of Justice least prefer? Explain.
3. Is the Department of Justice more likely to break-up a Stackelberg market or a Cournot market? Explain.
4. What does it mean to be the Stackelberg leader? Explain.
5. Are there any idexes you can use to determine if the market is a Stackelberg market?

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