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Llanis Llanis
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7 years ago
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

Microeconomics


Edition: 6th
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ChronosChronos
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7 years ago
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