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  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 11: Product Differentiation, Monopolistic Competition, and Oligopoly
  5. Question
    Bertrand Competition Occurs When Oligopolistic Firms Compete with Regard to Both
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Bertrand Competition Occurs When Oligopolistic Firms Compete with Regard to Both

Question 48

Question 48

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Bertrand competition occurs when oligopolistic firms compete with regard to both prices and quantities.

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