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Home Q & A Board Other Fields Homework Help Business Economics
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MrsAngelD MrsAngelD
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6 years ago
Because firms selling a homogeneous product set price in response to the (perceived) pricing decision of other firms in the Bertrand Model of oligopoly in equilibrium price exceeds marginal cost.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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forrestforrest
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MrsAngelD Author
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6 years ago
Thanks for your help!!
Fleury
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Yesterday
Thanks
Shuqin
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2 hours ago
Helped a lot
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