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Author Question: Assuming a homogeneous product, the Bertrand duopoly equilibrium price is A) the same as the ... (Read 115 times)

waynest

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on: Jul 1, 2018
Assuming a homogeneous product, the Bertrand duopoly equilibrium price is
 
  A) the same as the Cournot equilibrium price.
  B) less than the Cournot equilibrium price.
  C) greater than the Cournot equilibrium price.
  D) equal to the monopoly price.

Question 2

Assume that the market demand for a good is p = 100 - Q. Assume that the marginal product of labor is 1 and the firm can get all the labor it needs at a wage equal to 5. Compare the quantity of labor hired if the output market is competitive with the quantity hired if the output market is a monopoly.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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kalskdjl1212

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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waynest

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Reply 2 on: Jul 1, 2018
Excellent

amynguyen1221

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Reply 3 on: Yesterday
:D TYSM

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