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

ENGR.ECONOMIC ANALYSIS
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Price equals marginal cost in an oligopoly for
a. Bertrand with identical products, but not generally otherwise
O b. both Cournot and Bertrand, so long as all firms sell identical products
Oc. Cournot with identical products, but not generally otherwise
O d. both identical and differentiated products, so long as the interaction is Bertrand
Transcribed Image Text:Price equals marginal cost in an oligopoly for a. Bertrand with identical products, but not generally otherwise O b. both Cournot and Bertrand, so long as all firms sell identical products Oc. Cournot with identical products, but not generally otherwise O d. both identical and differentiated products, so long as the interaction is Bertrand
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