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单词 Bertrand competition
释义

Bertrand competition

Definition
Market situation in which each firm and its competitors make their output and pricing decision on the assumption that their competitors will not change their prices from the current level. Named after the French mathematician Joseph Bertrand (1822-1900) who researched its mathematical basis. See also Cournot competition.
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更新时间:2025/3/10 13:18:24