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Homework answers / question archive / What variable do producers choose in a Bertrand model of differentiated products
What variable do producers choose in a Bertrand model of differentiated products.
Group of answer choices
Price
Quantity
Quality
Wages
IN a bertrand model the firms use prices of the goods in the market to differentiate the goods and consumer choose the quantity on the basis of price of the goods set by the firms
the answer is "A", price.
