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Consider the Market for Nonalcoholic Beers from the Previous Question

Question 23

Multiple Choice

Consider the market for nonalcoholic beers from the previous question.Which of the following is the Bertrand reaction function for Cudweiser?

A) PC = 1 + .033PB
B) PC = 1 - .033PB
C) PC = 1.5 + .075PB
D) PB = 1.5 + .075PC

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