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Author Question: Two identical firms that share a market and produce a homogeneous good will find which of the ... (Read 166 times)

mwit1967

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on: Mar 14, 2021

Question 1

The Bertrand model of price setting assumes that a firm chooses its price
◦ independently of what price other firms charge.
◦ subject to what price rival firms are charging.
◦ so that joint profits are maximized.
◦ without considering the shape of the demand curve.

Question 2

Two identical firms that share a market and produce a homogeneous good will find which of the following market outcomes LEAST desirable?
◦ Bertrand Oligopoly
◦ Cournot Oligopoly
◦ Cartel
◦ All are equally preferable.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by mwit1967 on Mar 14, 2021

huda

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Reply #1 on: Mar 14, 2021
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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mwit1967

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Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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