Author Question: In a Bertrand model with identical products A) price is the same as in a competitive market ... (Read 62 times)

HudsonKB16 · **on:** Jul 1, 2018

In a Bertrand model with identical products

A) price is the same as in a competitive market equilibrium.
B) price and quantity are the same as in a monopoly.
C) price and quantity are the same as in a duopoly.
D) None of the above.

Question 2

If a professional sports athlete signs a new contract which defers compensation until years after she is retired, she is signaling

A) that she does not plan to shirk in the future, regardless of whether she did so in the past.
B) that she did shirk and she will do so in the future.
C) that she did shirk but won't do so in the future.
D) that she didn't shirk and she won't do so in the future.