Price equals marginal cost in an oligopoly for O a. Bertrand with identical products, but not generally otherwise O b. both Cournot and Bertrand, so long as all firms sell identical products O c. Cournot with identical products, but not generally otherwise O d. both identical and differentiated products, so long as the interaction is Bertrand

Price equals marginal cost in an oligopoly for O a. Bertrand with identical products, but not generally otherwise O b. both Cournot and Bertrand, so long as all firms sell identical products O c. Cournot with identical products, but not generally otherwise O d. both identical and differentiated products, so long as the interaction is Bertrand

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 6P

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Price equals marginal cost in an oligopoly for O a. Bertrand with identical products, but not generally otherwise O b. both Cournot and Bertrand, so long as all firms sell identical products O. Cournot with identical products, but not generally otherwise Od. both identical and differentiated products, so long as the interaction is Bertrand
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