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About Bertrand Duopoly
Our Bertrand Duopoly Assignment Help team took the liberty to explain to you want this topic is all about. In case of oligopoly there are only few firms. So, in such a situation the outcome of any action taken by a firm will also influence the very action of all other firms. In case of Bertrand Duopoly which happens to be a model firms will be competing on price. This very model can be analyzed as simultaneous game and in this case the strategic choice is focused on price and not on quantities.
Some assumptions of Bertrand Duopoly models are as follows:
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