In the infinitely-repeated Bertrand model:
A) firms play the Bertrand pricing game over and over, with no definite end.
B) firms play the Bertrand pricing game one time.
C) firms play the Bertrand pricing game several times, with a clearly defined endpoint.
D) firms play the Bertrand pricing game at least two times, but no more than four.

Question

Quizplus · Accepted Answer

In the infinitely-repeated Bertrand model, firms play the Bertrand pricing game over and over, with no definite end. This is what makes it infinitely-repeated.

In the Infinitely-Repeated Bertrand Model