Question: Microecon Question 9 1.5 pts Consider a market with four firms. Firms A and B have a marginal cost of $7. Firm C has a

Microecon

Question 9 1.5 pts Consider a market with four firms. Firms A and B have a marginal cost of $7. Firm C has a marginal cost of $11. Firm D has a marginal cost of $5. What occurs if the firms compete in the Bertrand model? O All four firms will each have one quarter of the market with a price of $11. O Firms A and B will each have half the market with a price of $7.00. O Firm D will capture the entire market with a price of $5.00. ONone of the other answers are correct. Firm D will capture the entire market with a price of $6.99

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