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Consider a symmetric oligopoly in which 2 firms supply perfect substitutes and compete in prices a la Bertrand. If two or more firms tie to

Consider a symmetric oligopoly in which 2 firms supply perfect substitutes and compete in prices a la Bertrand. If two or more firms tie to set the minimum price, those firms receive an equal share of consumer demand (and firms setting a strictly higher price have no demand). Assume there are no production costs and that consumer demand is () when the (minimum) price chosen by firms is

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