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pirex pirex
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6 years ago
In a Bertrand model with identical firms and a non-differentiated product, price will increase in response to
A) an increase in the number of firms.
B) a decrease in the number of firms.
C) an increase in marginal cost.
D) a decrease in marginal cost.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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ChronosChronos
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#1
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6 years ago
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6 years ago
Thank you, thank you, thank you!
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