1) In the study of Oligopoly, Cournot thinking came first and then Stackelberg thinking. While these two types of thinking are useful for considering an oligopolistic market structure, they are also usefully applied in life situations more generally. Explain in one sentence what

is meant by an "oligopolistic market structure." Explain how Stackelberg thinking differs from Cournot thinking.

2) The Prisoner's Dilemma is one of the most studied games in game theory. Present an

example of a Prisoner's Dilemma, identify the Nash Equilibrium for the example you present, and show you understand the Nash Equilibrium concept by explain why there is only one Nash Equilibrium for the Prisoner's Dilemma. Explaining why two players may not play as the Nash Equilibrium concept predicts

3) The One Minute Manager emphasizes goal setting, praise and reprimand (or redirect).

Explain it may be possible for a manager to manage a group of people MORE effectively

with LESS time using these three concepts.