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1. [6 points] In class, we discussed how the Cournot model has an intuitive result but an unintuitive setup, whereas the Bertrand model has an

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1. [6 points] In class, we discussed how the Cournot model has an intuitive result but an unintuitive setup, whereas the Bertrand model has an intuitive setup but an unintuitive result. Briefly describe what was intuitive/ unintuitive about the setup/results of each model. Then describe how to construct a model with both an intuitive setup and an intuitive result

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