Author Question: An example of a market where a Bertrand model would be NOT be plausible is the market for A) ... (Read 140 times)

kellyjaisingh · **on:** Jul 1, 2018

An example of a market where a Bertrand model would be NOT be plausible is the market for

A) pizza.
B) sweaters.
C) motorcycles.
D) toothpicks.

Question 2

You won the 1,000 per year forever lottery. You decided to convert such prize into a lump sum payment. The interest rate is 2 per year. How much is this lump sum payment ?

A) 25,000
B) 1,000
C) 50,000
D) 365,000