jayzelgaspar9144 jayzelgaspar9144
  • 02-05-2024
  • Business
Answered

Consider a Bertrand oligopoly where two firms (Firms 1 and 2) sell goods that are imperfect substitutes and compete by choosing prices simultaneously. Their market demands are?
1) Perfect substitutes
2) Perfect complements
3) Imperfect complements
4) Cannot be determined



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