Question
Explain why Game Theory, and the particular game of Prisoners' Dilemma, is so useful in representing the decisions facing sellers in an Oligopoly. Also briefly
Explain why Game Theory, and the particular game of Prisoners' Dilemma, is so useful in representing the decisions facing sellers in an Oligopoly.
Also briefly research an industry that you think could be considered an Oligopoly. What are the main firms in the industry? Use your research to support why you think these firms are part of an Oligopoly. Also state your sources of information.
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
