Author Question: What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can ... (Read 117 times)

SO00 · **on:** Jul 1, 2018

What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can emerge with as few as two firms in the market) if the basic Bertrand model were extended to include it?
a. Repeated interaction
b. Search costs
c. Sequential moves
d. Product differentiation

Question 2

Potential solutions to sell a high-quality used car include
a. offering a warranty
b. selling through a reputable dealer
c. documenting the complete repair history
d. all of the above