Game theory questions
1. Firms operating in Oligopoly industries tend keep prices stable. They know that the actions of one firm will impact on the other firms in the industry, in other words they are _______________. Instead oligopoly firms will tend to work together through ____________ agreements, whether they are tacit or overt or engage in non-price competition. Non-price competition can take the form of advertising, issuing of loyalty...
To access the contents of this site, you must subscribe.