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Consider the Market for Nonalcoholic Beers from the Previous Question

Question 9

Multiple Choice

Consider the market for nonalcoholic beers from the previous question.Which of the following is the Bertrand reaction function for Boors?


A) PB = -2.5 + .05PC
B) PB = 2.5 + .05PC
C) PC = 2.5 - .05PB
D) PB = 2.5 - .15PC

Correct Answer:

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