Crush and frenzy both produce motorized bicycles, which are identical in all aspects. the total demand in this market is for q motorized bicycles. the price of crush's bicycle is pc and the price of frenzy's bicycle is pf. if the firms are engaged in bertrand competition, which of the following statements is true? i. if pc > pp, crush sells q bicycles. ii. if pc = pf, crush sells 0.50q bicycles. iii. if pc < pf, crush sells zero bicycles.
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