[Answered] In a Bertrand model with differentiated products A) firms can set price above marginal cost. B) ...

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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.

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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

Excellent

milbourne11

Member
Posts: 322

Reply 3 on: Yesterday

Gracias!

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