In the Infinitely Repeated Bertrand Model

question 38

Multiple Choice

In the infinitely repeated Bertrand model

• A) Firms play the Bertrand pricing game over and over, with no definite end
• B) Firms play the Bertrand pricing game one time
• C) Firms play the Bertrand pricing game several times, with a clearly defined endpoint
• D) Firms play the Bertrand pricing game at least two times, but no more than four

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