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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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6 years ago
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Llanis Author
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6 years ago
Just got PERFECT on my quiz
Hellish Lover
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Yesterday
Thank you, thank you, thank you!
Morgan-C
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2 hours ago
Thanks
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