Two Identical Firms That Share a Market and Produce a Homogeneous

question 74

Multiple Choice

Two identical firms that share a market and produce a homogeneous good will find the Bertrand Oligopoly LEAST attractive because

• A)Cartels generate the highest joint profit.
• B)a Cournot Oligopoly will generate more profit than a Bertrand Oligopoly.
• C)they want to avoid a price war that leads to profit erosion and P = MC.
• D)All of the above.

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