Bertrand Duopoly Assignment Help

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About the discipline

Bertrand duopoly is a branch of economics. It essentially seeks to study the mode of competition between two companies or groups which seek to determine the correct price of a commodity to ensure their maximum sale.

It is a study of equilibrium outcomes which deals with firms pricing their commodities above marginal cost to come up with a competitive price. What this branch of economics seeks is to allow perfect competition.

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