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Author Question: What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can ... (Read 124 times)

SO00

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  • Posts: 568
on: Jul 1, 2018
What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can emerge with as few as two firms in the market) if the basic Bertrand model were extended to include it?
 a. Repeated interaction
  b. Search costs
  c. Sequential moves
  d. Product differentiation

Question 2

Potential solutions to sell a high-quality used car include
 a. offering a warranty
  b. selling through a reputable dealer
  c. documenting the complete repair history
  d. all of the above


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joanwhite

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


SO00

  • Member
  • Posts: 568
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Liamb2179

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  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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