Examlex
An example of a market where a Bertrand model would be plausible is the market for
Geometric Series
A sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-zero number called the ratio.
Infinite
Describing a quantity without end or limit, often used in mathematics or to describe concepts that cannot be quantified.
Terms
Defined words or expressions with specific meanings within a particular context or field.
Geometric Series
A series of numbers in which every number, starting with the second, is the result of multiplying the one before it by a consistent, non-zero value referred to as the ratio.
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