Game Theory Flashcards

1
Q

What

A

Highlights the strategies firms may follow in an oligopoly market

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2
Q

What is the pay off matrix

A

Highlights the risk and reward for each option

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3
Q

What the best option and the safest option (2)

A

Safe option = not collude
Best option tends to be when they have colluded together = strong incentive to collude

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