What factor would not help resolve the Bertrand paradox (that a perfectly competitive outcome can emerge with as few as two firms in the market)if the basic Bertrand model were extended to include it?

Question

Quizplus · Accepted Answer

Sequential moves do not help resolve the Bertrand paradox because the paradox assumes simultaneous price setting by firms. Sequential moves would imply a different strategic interaction, not addressing the core issue of price competition under the Bertrand model.

What Factor Would Not Help Resolve the Bertrand Paradox (That