Oligopoly (Price Matrix)

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This lesson covers the topic of game theory and oligopolies. This can be seen through a price matrix. Will firms decide to collude and cooperate with each other, or decide to act out in their self interest? Each of these firms have what is called a dominant strategy. This is the best decision a player can make regardless of what the other player's strategy is going to be.

Published by: Chris Thomas
Published at: ۶ years ago
Category: آموزشی