QUESTION 20Firms A and B engage in Bertrand competition, where a, = 26 – 2P, + 2P2, 9 = 26 + 2P, – 2P3, MC, = $2, MC, = $14What is Firm B's price?O $12$8$10O $14

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QUESTION 20 Firms A and B engage in Bertrand competition, where q4 = 26 – 2P, + 2Pg, 9, = 26 + 2PA – 2Pg,MC, = $2, MC, = $14 What is Firm B's price? $12 $8 $10 O $14

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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