BERTRAND GAME
\bˈɜːtɹand ɡˈe͡ɪm], \bˈɜːtɹand ɡˈeɪm], \b_ˈɜː_t_ɹ_a_n_d ɡ_ˈeɪ_m]\
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When two suppliers compete. They choose their own selling price and than meet demand. The cheaper of the two will probably have more customers. Sometimes the demand is split in half. They can now start a price war and get zero profit, split high profits,
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.