In a Bertrand model with differentiated products A) firms can ...

[ss2343]

In a Bertrand model with differentiated products
 
  A) firms can set price above marginal cost.
  B) firms set price at marginal cost.
  C) price is independent of marginal cost.
  D) firms set price independently of one another.

Question 2

Adverse selection is due to
 
  A) hidden characteristics.
  B) hidden actions.
  C) symmetric information.
  D) moral hazard.

[Carissamariew]

Answer to Question 1

A

Answer to Question 2

A

[ss2343]

Excellent

[ashely1112]

Thanks for the timely response, appreciate it