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Author Question: An example of a market where a Bertrand model would be NOT be plausible is the market for A) ... (Read 120 times)

kellyjaisingh

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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


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tjayeee

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


kellyjaisingh

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

mochi09

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

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