New answers tagged industrial-organisation
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Can There Be a Dominant Strategy If Both Firms Choose to Match the Lowest Price in the Market in a Bertrand Model of Competition?
Let $D(p)$ for the good when the selling price is $p$ and let $c$ be the unit cost for both firms. Let $p^m$ denote the unique profit-maximizing monopoly price (assuming one exists). Assume that all ...
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