Assuming a homogeneous product,the Bertrand equilibrium price is

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In a Bertrand competition with homogeneous products, firms compete on price, and the equilibrium price is driven down to the level of the marginal cost, regardless of the number of firms in the market. This outcome assumes that firms have identical costs. The key insight is that even with more than one firm, the competition on price will be so fierce that prices cannot be sustained above marginal cost, as any firm attempting to do so would lose all its customers to competitors pricing at marginal cost.

Assuming a Homogeneous Product,the Bertrand Equilibrium Price Is