From the point of view of the consumer, Bertrand oligopoly is <u>undesirable</u> since it leads to an outcome similar to zero.
An oligopoly is a market where there are a small number of firms who realize they are interdependent in their pricing and output policies. In this market, the number of firms are small enough to give each firm some market power.
Bertrand model of oligopoly is a model of competition in which two or more firms produce a homogenous good and compete in prices. However, this competition in prices where the goods are perfect substitutes, ends with the firms selling their goods at marginal costs and thus making zero profits out of it.
Hence, from the point of view of the consumer, Bertrand oligopoly is undesirable.
To learn more about Bertrand oligopoly here:
brainly.com/question/14093864
#SPJ4
The answer to this question is linear search. Linear search
is a method of finding an item in the list. Linear search is also known as a
sequential search. In this kind of method, this is a search method where in all
elements are being searched in order to find the desired element or value.
Integrity is more important as this identifies an individuals qualities and principles of being honest, fairness and having strong morals to carry out a task ethically
With integrity comes trustworthiness of an individual as they will always do the right thing if they have integrity as a principle in life
<span>Alphabetical is an excellent method for organizing an index. By looking at the first letter of an item you can easily find the correct plan in the index. If more than one item has the same first letter, look at the second letter to assign the order.</span>
