Consider a market with a demand curve given $(in$ inverse form$)by()=50-0\mathrm{.}25$

$,$ where $$

$is$ total market output and $$

$is$ the price $of$ the good. Two firms compete $in$ this market $by$ simultaneously choosing prices $p1$

and $p2$

$,$ where the lower$-$priced firm captures the entire market $(and$ a tie splits the market$\frac{50}{50}).$

This $isan$ example $of$

Choose one:

$A.$ Stackelberg competition.

$B.$ Bertrand competition.

$C.$ Cournot competition.

$D.$ perfect competition.