Assuming a homogeneous product, the Bertrand duopoly equilibrium price is
A) the same as the Cournot equilibrium price.
B) less than the Cournot equilibrium price.
C) greater than the Cournot equilibrium price.
D) equal to the monopoly price.
B
Economics
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Long-term debt has a maturity that is
A) between one and ten years. B) less than a year. C) between five and ten years. D) ten years or longer.
Economics
At a given price level, an increase in expected profits and business confidence will shift the aggregate demand curve:
A) rightward. B) leftward. C) both. D) none of the above.
Economics