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PEA 2023Question 6mcqHard

p=100qp=100-q. Two firms with cost ci(qi)={0,qi10,qi>10c_i(q_i)=\begin{cases}0, & q_i\le 10\\ \infty, & q_i>10\end{cases} i.e.\ each firm has capacity 1010. Demands: undercut wins the market, ties split. Bertrand--Nash equilibrium: