What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can emerge with as few as two firms in the market) if the basic Bertrand model were extended to include it?

The absolute price of a good is the price of that good in terms of another good

Indicate whether the statement is true or false

A government-owned monopoly is more likely to:

A. provide output at a lower price than a private one. B. provide a greater quantity of output than a private one. C. serve public interest than maximize profit. D. All of these statements are true.