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    Exam 25: Oligopoly
  5. Question
    If Bertrand Price Competitors Incur Recurring Fixed Costs, It Will
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If Bertrand Price Competitors Incur Recurring Fixed Costs, It Will

Question 11

Question 11

True/False

If Bertrand price competitors incur recurring fixed costs, it will still be a Nash equilibrium for price to equal marginal cost.

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