Which one of the following statements is a common criticism of the ori

Which one of the following statements is a common criticism of the original Bertrand duopoly model?

A) Firms never choose optimal prices as strategic variables.
B) Firms would more naturally choose quantities if goods are homogenous.
C) The assumption that market share is split evenly between the firms is unrealistic.
D) A and B are correct.
E) B and C are correct.

ANSWER

E