Multiple Choice
Firm A has a strictly higher marginal cost than firm B. They compete in a homogeneous product Bertrand duopoly. Which of the following results will NOT occur?
A) QA < QB
B) ProfitA = 0 < ProfitB
C) Revenue of firm A < Revenue of firm B
D) PriceA < PriceB
Correct Answer:
Verified
Correct Answer:
Verified
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