asked 106k views
3 votes
Two identical firms are operating in Bertrand competition.Firms A demand shedule is qa=100-3pa+pb,where p is price and q is quasntity and subscripts denote firms A and B.Assume that there are no fixed costs and constant marginal costs of zero Derive the Bertrand equilibrium price,the equilibrium amount of profit for each firm and the level of industry output.

1 Answer

1 vote
i think it’s a and n assume
answered
User Gregg Duncan
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8.6k points
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