In a Bertrand model with identical firms and a non-differentiated product, price will increase in response to
A) an increase in the number of firms.
B) a decrease in the number of firms.
C) an increase in marginal cost.
D) a decrease in marginal cost.
C
Economics
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How many prices would there be in a barter economy with 100 goods?
A) 100 B) 1,000 C) 4,950 D) 10,000
Economics
A period in which the price level is rising is experiencing
a. inflation. b. reflation. c. deflation. d. deconstruction.
Economics
What is economic profit?
What will be an ideal response?
Economics
Checkable deposits are
A. assets of commercial banks and savings institutions. B. debts of the federal government and government agencies. C. assets of the federal government and government agencies. D. debts of commercial banks and savings institutions.
Economics