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Which of the following is true of the Symmetric Bertrand of a duopoly? a) Each firm matches the price increases by the other firm

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Which of the following is true of the Symmetric Bertrand of a duopoly?

a) Each firm matches the price increases by the other firm.

b) The firm that sets the lower price claims the entire market.

c) The total output supplied by the firms determines the market price.

d) Firms compete on multiple dimensions like quantity, price, and advertising.

e) The demand curve facing an individual firm is kinked at the market price.