Question: more than $2 less than $2 it is impossible to know anything about the change in price. Question 36 2.33 pts Consider the product-differentiated Bertrand

more than $2 less than $2 it is impossible to know anything about the change in price. Question 36 2.33 pts Consider the product-differentiated Bertrand Model. Firm "F" has demand curve OF = 16 - 2PF+PR Firm"R" has demand curve QR = 10 - PR + PF. Both firms have MC - O (i.e. CF = CR - 0). What is the price best-response curve for firm "R"? O PR = 8 -12QR O PR = 4 -14PR O PR - 8 + 12PF O PR - 10 + PF O PR = 5 + 32PF

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