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Firm a Has a Higher Marginal Cost Than Firm B

Question 133

Multiple Choice

Firm A has a higher marginal cost than firm B.They compete in a homogeneous product Bertrand duopoly.Which of the following results will NOT occur?

A) Q_A < Q_B
B) Profit_A < Profit_B
C) Revenue of firm A < Revenue of firm B
D) Price_A < Price_B

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