Bertrand paradox (economics)
:There is another, different, Bertrand's paradox related to probability; see Bertrand's paradox (probability). This article is about Bertrand's paradox in economics.
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In economics, the Bertrand paradox describes a situation in which two players reaching a state of Nash equilibrium find themselves with no profits.
Related Topics:
Economics - Nash equilibrium
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| ► | Introduction |
| ► | Example |
| ► | See also |
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