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{"ops":[{"insert":"True or False. Consider two firms producing an identical product with marginal costs MC1= 1.98$ & MC2 = 2$ correspondingly. The two firms set their prices simultaneously (Bertrand competition) and the lowest price gets the entire market. If they set the same price they split the market evenly. A set of equilibrium prices is p1 = 2$ and p2 = 2.01$.\n"}]}
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