Bertrand Duopolists Face a Market Demand Curve Given by P

question 53

Multiple Choice

Bertrand duopolists face a market demand curve given by P = 90 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 30 per unit. 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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Definitions:

Postponing Parenthood

The decision to delay having children until a later age due to various personal, career, or financial reasons.

Infertility

The inability to conceive a child after a year or more of regular sexual intercourse without the use of contraception.

Miscariages

The spontaneous loss of a pregnancy before the fetus is able to survive independently, typically before 20 weeks of gestation.

Unprotected Intercourse

Sexual activity without the use of contraceptives or protective measures, increasing the risk of sexually transmitted infections and unintended pregnancies.