Duopoly with Bertrand (price) Competition

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Matt Birch
Published at : 15 Nov 2021
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In this video I solve for the equilibrium quantities, price, and profits of a Bertrand (price competition) duopoly. In the first example the firms have identical cost functions and split the market. In the second example, one firm has lower costs and dominates the market. This video is appropriate for an intermediate microeconomics course without calculus.

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