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MrGrimey MrGrimey
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6 years ago
In a Bertrand model, if one firm has a dominant strategy, its best-response function
A) does not exist.
B) is identical to its rival.
C) is a constant.
D) is to respond to its rival's price increase with a price decrease.
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Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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forrestforrest
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#1
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6 years ago
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