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 again with no definite end. This means that the game continues indefinitely, without any specific end point, and firms can revise their strategies and prices over multiple periods.

In the Infinitely Repeated Bertrand Model