This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a Bertrand model with differentiated products A) firms can set price above marginal cost. B) ... (Read 70 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jul 1, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


ss2343

  • Member
  • Posts: 548
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

The threespine stickleback (Gasterosteus aculeatus) has been used as a model organism for the study The threespine stickleback (Gasterosteus aculeatus) has been used as a model organism for the study
Masters and Johnson’s Four-Phase Model of the Sexual Response Cycle Masters and Johnson’s Four-Phase Model of the Sexual Response Cycle
A model for mixed inhibition A model for mixed inhibition
A model for the action of RecBCD, (c) sites, and RecA in initiating homologous recombination A model for the action of RecBCD, (c) sites, and RecA in initiating homologous recombination
Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ... Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ...
Gene products that are essential to mitochondrial function Gene products that are essential to mitochondrial function
Video: Smoking Cessation

For a complete list of videos, visit our video library