3.4. Bertrand Model - SlideServe
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3.4. Bertrand Model - SlideServe
3.4. Bertrand Model. Matilde Machado. 3.4. Bertrand Model. In Cournot, firms decide how much to produce and the market price is set such that supply equals demand. But the sentence “price is set” is too imprecise. In reality how does it work exactly?
4 viewsMay 30, 2012
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