Read the Time Magazine article "Walmart, Target, Amazon: Book Price War Heats Up" found at https://content.time.com/time/business/article/0,8599,1932426,00.html

a. What type of oligopolistic competition- Cournot or Bertrand- is being described in this article? What would be the theoretical outcome of this type of competition?

b. In the power point presentation two conditions are discussed that may prevent the outcome that you should have identified in part a. Do you think that either of those conditions applies to the market being described in this article? State each condition and explain why or why not.