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Mairoon Mairoon
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6 years ago
Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
A) Cartels generate the highest joint profit.
B) a Cournot Oligopoly will generate more profit than a Bertrand Oligopoly.
C) they want to avoid a price war that leads to profit erosion and P=MC.
D) All of the above.
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Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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Mairoon Author
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#2
5 years ago
Great answer, great website
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