Multiple Choice
Suppose that two firms are engaged in Bertrand competition with identical goods and each firm has a marginal cost of $33. Suppose Firm A charges a price of $50 and Firm B charges $40. In this case, the market share for Firm A is ____%.
A) 100
B) 50
C) 40
D) 0
Correct Answer:
Verified
Correct Answer:
Verified
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