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Consider the following three versions of price competition: Cournot competition, Bertrand competition, and joint profit maximisation through collusion, and let the model and equilibrium be

Consider the following three versions of price competition: Cournot competition, Bertrand competition, and joint profit maximisation through collusion, and let the model and equilibrium be symmetric. Rank the toughness of price competition from the highest to the lowest, which of the following is the correct ranking? A. Cournot, Bertrand, collusion. B. Collusion, Bertrand, Cournot. C. Cournot, collusion, Bertrand. D. Bertrand, Cournot, collusion.

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Consider the following three versions of price competition: Cournot competition, Bertrand competition, and joint profit maximisation through collusion, and let the model and equilibrium be symmetric. Rank the toughness of price competition from the highest to the lowest, which of the following is the correct ranking? A. Cournot, Bertrand, collusion. B. Collusion, Bertrand, Cournot. C. Cournot, collusion, Bertrand. D. Bertrand, Cournot, collusion

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