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Author Question: Suppose the market demand curve for a Bertrand duopoly is downward sloping. What happens to the Nash ... (Read 52 times)

folubunmi

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on: Jul 1, 2018
Suppose the market demand curve for a Bertrand duopoly is downward sloping. What happens to the Nash equilibrium price and market quantity if the constant marginal cost declines?
 
  A) Price and quantity decline
  B) Price increases and quantity declines
  C) Price decreases and quantity increases
  D) Price and quantity increase

Question 2

The slope of the utility possibilities frontier is
 
  A) positive.
  B) negative.
  C) zero.
  D) undefined.


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kardosa007

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

C

Answer to Question 2

B


folubunmi

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

xiazhe

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Reply 3 on: Yesterday
Excellent

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