question archive Sue and Jane each own a local petrol station
Sue and Jane each own a local petrol station
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Sue and Jane each own a local petrol station. They have identical constant marginal costs but earn zero economic profits. Sue and Jane constitute:
a) a Sweezy oligopoly.
b) a Cournot oligopoly.
c) a Bertrand oligopoly.
d) None of the above.
Option 1
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Option 2
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