Usually means: Price competition between few firms.
Definitions Related words Mentions
We found 4 dictionaries that define the word bertrand competition:

General (1 matching dictionary)
  1. Bertrand competition: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. Bertrand competition: Glossary of research economics
  2. BusinessDictionary.com (No longer online)

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Definitions from Wikipedia (Bertrand competition)

▸ noun:  a model of competition used in economics, named after Joseph Louis François Bertrand.


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