Central Florida's theme parks are a classic example of an oligopoly with few competitors. From time to time it will make the news when one of the parks will unilaterally announce a price hike. The park raising its price is expecting the other park to follow. What concepts from the chapter do these announcements and price hikes represent?

Group of answer choices

Precluding entry by competitors

Strategic thinking

Gouging tourists from Minnesota and other states for all the market will bear.

Product differentiation