What happens to the homogeneous-good Nash- Bertrand equilibrium price if the number of firms increases? Why?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 01:02 AM

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What happens to the homogeneous-good Nash- Bertrand equilibrium price if the number of firms increases? Why?

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In the Bertrand equilibrium the price is ...View the full answer

Microeconomics Theory and Applications with Calculus

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