Text: Related to games and strategies in oligopolies (select the incorrect answer)
O To move from one to two companies is enough to drive down prices to p=monopoly price, in a Bertrand setting
O The Bertrand trap risks can be diminished if firms engage in product differentiation, dynamic competition, cost efficiency, and limited capacity
O When the number of oligopoly firms grows under Cournot competition, the equilibrium price tends to the perfect competition equilibrium (p=MC)
O Under Bertrand competition with symmetric firms, undercutting prices allows firms to steal all the demand, until NE is achieved