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J. v Price Discrimination A. A well-known game that nicely demonstrates the difficulty of cooperative behavior in H. V Cartel certain circumstances. It involves two

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J. v Price Discrimination A. A well-known game that nicely demonstrates the difficulty of cooperative behavior in H. V Cartel certain circumstances. It involves two V Monopolistic Competition people and their affinity to cheat. B. A box that contains the outcomes of a strategic game under various circumstances. V Payoff Matrix C. A market structure with a few independent firms. D. A market structure in which many firms sell C. V Oligopoly differentiated products. G. v Zero Profit Condition E. The general term for the physical characteristics of the market within which firms interact. A. V Prisoner's Dilemma F. The name for the application of economic V Market Models or Market Structure principles to interdependent situations. G. In the long run, there are no economic profits. B. v Game Theory H. A combination of firms that act like a single firm. V Collusion 1. The general term for an agreement between two or more producers to restrict output so as to increase prices and profits. J. To charge different prices to different individuals

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