| 释义 |
Bertrand duopoly Bertrand DuopolyOne of two major models of how duopolies operate. In the Bertrand model, two companies compete with each other for the lowest possible price, resulting in perfect competition. Bertrand duopoly is applicable in many circumstances but it does not express duopolistic behavior perfectly. See also: Cournot model.Bertrand duopoly see DUOPOLY. |