In Bertrand Model， two firms select output of the products in order to maximize profit。（ ）
举一反三
- Firms maximize profit when
- In Bertrand competition between two firms, each firm believes that if it changes its output, the rival firm will change its output by the same amount.
- The weak axiom of profit maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.
- Assume that firms in an oligopoly are currently colluding to set price and output to maximize total industry profit. If the oligopolies are forced to stop colluding, the price charged by the oligopolies would ________ and the total output produced will ________.
- Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)