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Interesting fact about Bertrand model is that it’s the same outcome that would have occurred if they were in a perfectly competitive market because competition would have driven prices down to marginal cost. So, in a situation where competition is based on price and the good is relatively homogeneous, as few as two firms can drive the market to an efficient outcome.
When was the Pradhan Mantri Jan Dhan Yojana (PMJDY) launched?
During whose administration was the 'Permanent Settlement' system established?
Which country’s new President, Prabowo Subianto, is expected to be India’s chief guest for Republic Day 2025?
According to the UNICEF report "Learning Interrupted," how many students faced climate-related education disruptions in 2024?
Which city did Tech Mahindra and IBM choose to inaugurate a Synergy Lounge aimed at accelerating digital adoption?
The Atal Bhujal Yojana (ABY), extended until 2028, primarily focuses on what?
How many new districts, including Meluri, have been created in Nagaland over the last three years?
Which of the following ministries is the largest claimant for funds through Sovereign Green Bonds (SGBs) for green energy projects in India?
Which Armed Force recently signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to ensure the saf...
Which company has entered into a joint venture agreement with Kowa Holdings for the sales and marketing of green ammonia & green hydrogen produced and s...