Description of this paper

ECO - Bertrand game involving two firms

Description

solution


Question

0. A symmetric equation holds for firm 2?s demand.a. Find the equilibrium of the simultaneous price game.b. Compute the firm?s outputs and profits.c. Represent the equilibrium on a best-response function diagram. Show how an increase in b would change the equilibrium

 

Paper#55611 | Written in 18-Jul-2015

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