An example of a market where a Bertrand model would be NOT be plausible is the market for

Name: An example of a market where a Bertrand model would be NOT be plausible is the market for
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Question

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In a Bertrand model, firms compete by setting prices. For toothpicks, the product is highly commoditized with little differentiation, making price competition less relevant as prices are already very low and consumers are less sensitive to small price changes.

An Example of a Market Where a Bertrand Model Would