IPA Transcription of "bertrand competition" in American English

The American English IPA transcription of “bertrand competition” is /ˈbɝtɹənd ˌkɑmpɪˈtɪʃən/.

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bertrand
competition

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  • Bertrand competitionwhen firms set prices exceeding their marginal cost and their customers choose quantities at those prices, so that each firm maximise their profits by undercutting competitors' prices

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