32. Game theory can be applied to each of the following concepts except (LO5) a) a monopoly b) a cutthroat competition c) the kinked demand curve d) duopoly 33. College textbook publishing is most accurately described as (LO2, 6) a) a duopoly b) a cutthroat oligopoly c) open collusion d) a cartel 34. Game theory predicts that in a market controlled by four firms producing an identical service, each will ultimately charge price. (LO5) a) a high b) an intermediate c) a low