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Question 1 Explain in words why two firms that produce a homogenous product at the same unit cost end up selling at the unit cost

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Question 1 Explain in words why two firms that produce a homogenous product at the same unit cost end up selling at the unit cost in Bertrand competition. Provide two ways/reasoning the Bertrand outcome can be avoided. Remember to explain each reasoning with real-world examples. [20 MARKS]

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