A new firm enters a market which is initially serviced by a Bertrand duopoly charging a price of $20.What will the new price be should the three firms co-exist after the entry?
A)$25.
B)$20.
C)$15.
D)none of the statements associated with this question are correct.

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The Answer of A new firm enters a market which is initially serviced by a Bertrand duopoly charging a price of $20.What will the new price be should the three firms co-exist after the entry?
A)$25.
B)$20.
C)$15.
D)none of the statements associated with this question are correct.

A New Firm Enters a Market Which Is Initially Serviced