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Consider the following statements: I. In a Cournot model with N identical firms and constant marginal costs, the deadweight loss increases with N. Il. In

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Consider the following statements: I. In a Cournot model with N identical firms and constant marginal costs, the deadweight loss increases with N. Il. In repeated games, a discount factor o close to 1 may represent a high likelihood of interacting with the same agent again, or a very low interest rate. Ill. In a Bertrand model with two identical firms and constant marginal costs, there is deadweight loss, but less so than in a monopoly. O No statement Is correct. O Only Ill is correct. O Only I Is correct. O Only ll Is correct. O More than one statement is correct

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