Assuming a Homogeneous Product,the Bertrand Duopoly Equilibrium Price Is

question 35

Multiple Choice

Assuming a homogeneous product,the Bertrand duopoly equilibrium price is

• A) the same as the Cournot equilibrium price.
• B) less than the Cournot equilibrium price.
• C) greater than the Cournot equilibrium price.
• D) equal to the monopoly price.

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