Question: Indicate whether the statement is true or false and explain why: Unlike in Cournot competition, there is no benefit to strategic commitment (i.e., committing to

Indicate whether the statement is true or false and explain why:

Unlike in Cournot competition, there is no benefit to strategic commitment (i.e., committing to a price first) in Bertrand duopoly when firms sell identical products and have identical total cost functions.

Student discounts are a form of price discrimination called "versioning".

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