In a Bertrand model,graphically,the intersection of all firms' best-response curves determines

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In a Bertrand model, firms compete on price, and each firm's profit-maximizing price depends on the prices set by its competitors. The best-response curve shows the price that maximizes a firm's profit given the prices set by its competitors. The Nash equilibrium occurs at the point where all firms' best-response curves intersect, which determines the prices that each firm will charge in the market. Therefore, the intersection of all firms' best-response curves determines the Nash equilibrium prices.

In a Bertrand Model,graphically,the Intersection of All Firms' Best-Response Curves