Question

22. Which equilibrium occurs in case of Bertrand model of duopoly?
(A) Nash equilibrium
(B) Marginal equilibrium
(C) Fiscal equilibrium
(D) Deliberate equilibrium
tits demanded​

Answer 1

Answer:

In this model, consumers will buy from the firm that offers the lowest price, so we can easily have the intuition that the Nash equilibrium is going to be the two firms setting the same price. Bertrand's equilibrium occurs when P1=P2=MC, being MC the marginal cost, yielding the same result as perfect competition

Explanation:

i hope this answer is right

Answer 2

Option A is your correct answer