If the Duopolists in Problem 17 Behave, Instead, According to the Bertrand

question 1

Multiple Choice

If the duopolists in problem 17 behave, instead, according to the Bertrand model, the equilibrium price and quantity for the total market will be

• A)Q = 30, P = 60
• B)Q = 60, P = 30
• C)Q = 40, P = 50
• D)Q = 45, P = 45

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