An example of a market where a Bertrand model would be NOT be ...

[kellyjaisingh]

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

[tjayeee]

Answer to Question 1

D

Answer to Question 2

C

[kellyjaisingh]

Thanks for the timely response, appreciate it

[amandanbreshears]

YES! Correct, THANKS for helping me on my review