Suppose That Two Firms Are Engaged in Bertrand Competition with Identical

question 162

Multiple Choice

Suppose that two firms are engaged in Bertrand competition with identical goods and each firm has a marginal cost of $33. Suppose Firm A charges a price of $50 and Firm B charges $40. In this case, the market share for Firm B is ____%.

• A) 100
• B) 50
• C) 40
• D) 0

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