Question
In a Bertrand market where all firms sell an identical good and have identical production technologies with constant marginal costs then introducing an additional firm
In a Bertrand market where all firms sell an identical good and have identical production technologies with constant marginal costs then introducing an additional firm will lead to a lower prices in the market.
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Austro-corporatism Past, Present, Future
Authors: Gunter Bischof
1st Edition
1000675858, 9781000675856
