[Answered] An example of a market where a Bertrand model would be NOT be plausible is the market for A) ...

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kellyjaisingh

Hero Member
Posts: 540

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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Marked as best answer by a Subject Expert

tjayeee

Sr. Member
Posts: 329

Reply #1 on: Jul 1, 2018

Answer to Question 1

D

Answer to Question 2

C

kellyjaisingh

Member
Posts: 540

Reply 2 on: Jul 1, 2018

TYSM

xiazhe

Member
Posts: 331

Reply 3 on: Yesterday

Gracias!

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