Which of the Following Is NOT True About a Differentiated-Product

question 105

Multiple Choice

Which of the following is NOT true about a differentiated-product Bertrand duopoly?

• A) Firm 1 and firm 2's prices will be equal to marginal cost.
• B) Firm 1's price will always be above marginal cost, while firm 2's price will be less than marginal cost.
• C) Firm 1's price will always be less than marginal cost, while firm 2's price will be above marginal cost.
• D) None of the preceding answers is correct.

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