spiritedawayoy1462 spiritedawayoy1462
  • 21-03-2024
  • Business
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The market demand in a Bertrand duopoly is P = 15 - 4Q and the marginal costs are $3. Fixed costs are zero for both firms. Which of the following statement(s) is/are true?

a. P = $3.
b. P = $10.
c. P = $15.
d. None of the statements associated with this question are correct.

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