The two most common oligopoly models are Cournot competition and Bertrand competition. Describe the assumptions required to

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The two most common oligopoly models are Cournot competition and Bertrand competition. Describe the assumptions required to build up the models, respectively. What industries could be classified as Bertrand? What industries could be classified as Cournot? Provide examples, respectively. In which of the two models is the most aggressive competitions?

Posted Date: Jun 12, 2024 06:04 PM

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The two most common oligopoly models are Cournot competition and Bertrand competition. Describe the assumptions required to

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