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There are two or more continuous dependent variables in MANOVA. The initial test assumes that there is a linear combination of the dependent variables.
Hypothesis: The independent variable of interest has an effect on the linear combination of the dependent variables, when controlling for other independent variables and interactions among independent variables.
If there is a multivariate effect of the independent variables, then a series of normal ANOVA analyses are done with each of the actual dependent variables.
QUESTION a) Briefly distinguish between the Cournot duopoly model and that of Stackelberg b) Suppose the inverse market demand curve for a telecommunications equipment is P
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