please solve a-c with explanation thank you!
Two surf shops in San Luis Obispo, Central Coast Surfboards and Moondoggies Beach Club, sell O'Neill wetsuits. Suppose the wholesale cost of the latest-model O'Neill wetsuit is $150 per wetsuit, and that no other marketing costs for wetsuits exist, so that the total cost of selling an O'Neill wetsuit is c(q) = 150qc and c(qm) = 150qm for Central Coast and Moondoggies, respectively, where qe and qm are the quantities sold. Total demand for wetsuits sold by Central Coast and Moondoggies is P = 600 – Q, where Q = qc + qm. Suppose Central Coast Surfboards acts like a Stackelberg leader in the wetsuit market.
a) What is the profit-maximizing output level for Central Coast Surfboards as a Stackelberg leader? What quantity does Moondoggies Beach Club sell?
b) What is the equilibrium price of wetsuits? How much profit does each surf shop make from the sale of O'Neill wetsuits?
c) Compare the Stackelberg outcome to the Cournot oligopoly outcome (equilibrium quantity and price).