A noncooperative game occurs in a situation in which oligopolistic firms

a.are made worse off by their actions.

b.do not engage in collusive behaviour.

c.behave as a joint monopoly.

d.are too small to be interdependent

Successful product differentiation can

a.achieve more permanent gains in market share than cutting price

b.easily be duplicated by rival firms

c.not achieve more permanent gains in market share than price-cutting.

d.reduce competition in an industry