The equilibrium price of Bertrand duopoly firm which has a homogeneous product is A) the same as the Cournot equilibrium price. B) greater than the Cournot equilibrium price. C) less than the Cournot equilibrium price. D) equal to the monopoly price. 11. A monopoly can set the more block prices instead of setting a single price, the A) bigger the deadweight loss. B) the more producer surplus. C) the more consumer surplus. D) All of the above. 12. A monopolistic competitor in the short run A) produces at minimum efficient scale. B) sets marginal revenue = marginal cost C) sets price =marginal cost. D) produces where price average cost 13. If consumers are identical, then A) price discrimination is impossible. B) price discrimination can occur if each consumer has a downward-sloping demand curve for the product C) perfect price discrimination is the only form of price discrimination that can increase a monopoly's profit. D) tie-in sales cannot increase a monopoly's profit. 14. If government subsidizes both companies which are in Duopoly Nash-Coumot model condition, then A) consumers will be worse off. B) both firms' profits will be higher. C) market price will be higher. D) the total output will be higher.