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Bertrand duopoly model (Ll)<br />A development of COURNOT'S DUOPOLY MODEL which uses price adjustments to bring about an equilibrium. At equilibrium, neither firm would benefit from charging a different price so the price becomes zero.
<strong>Recertification</strong> A process occurring every three years through which institutional eligibility for participation in the MDHE' s state student financial assistance programs is reviewed. Institutions must complete a recertification application to maintain eligibility.
<strong>R record</strong> Response record, a record type included in CommonLine response files. An R record is sent to the original source of a change transaction send file.
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