The Bertrand model is a more plausible model of firm behavior than the Cournot model

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The Bertrand model is a more plausible model of firm behavior than the Cournot model

The Bertrand model is a more plausible model of firm behavior than the Cournot model
A) when firms set the quantity to be sold.
B) when firms sell a differentiated product.
C) because firms that sell a non-differentiated product typically act as price takers.
D) because the Bertrand model predicts that firms will price at marginal cost.

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Microeconomics

Edition: 6^th

Author: Perloff

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Llanis Author

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This helped my grade so much Perfect

momochiime

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Just got PERFECT on my quiz

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Thanks

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