Consider a market with n firms occupied in bertrand, Ask an Expert

Economics

"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal costs. There is no such a structure of marginal costs that more than one firm in this industry earns a positive profit."

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9532465

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