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Llanis Llanis
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6 years ago
The Bertrand model of price setting assumes that a firm chooses its price
A) independently of what price other firms charge.
B) subject to what price rival firms are charging.
C) so that joint profits are maximized.
D) without considering the shape of the demand curve.
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Microeconomics

Microeconomics


Edition: 6th
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ChronosChronos
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#1
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6 years ago
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Llanis Author
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6 years ago
Correct Slight Smile TY
Tim0301
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Yesterday
You make an excellent tutor!
Turboturner
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2 hours ago
Smart ... Thanks!
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