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Author Question: In a Bertrand model with differentiated products A) firms can set price above marginal cost. B) ... (Read 112 times)

ss2343

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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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Carissamariew

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

A

Answer to Question 2

A


ss2343

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

mohan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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