$0 Question 34 2.33 pts If two firms in an oligopoly market structure (such as those studied in class) producing a homogeneous product were to engage in price competition, the Bertrand Model suggests that the long-run profit will be: O based on the different prices each firm could charge for its product. be earned only by one firm. zero for both firms. equal to the same profits derived using the Cournot Model assumptions. 2.33 pts Question 35 If two firms compete according to the assumptions of the product-differentiated Bertrand model with equivalent demand curves, and the marginal cost of one of the firms increases by $2 per unit, the resulting change in product price will be