Oligopoly 1. If David decides to advertise now and Lindsey Assume that two business owners are deciding decides to do it later, what is David's expected between advertising now and advertising later. The profit? chart shows expected profit with Lindsey's on the left What is Lindsey's dominant strategy? David Now Later 3. What is David's dominant strategy? If both owners have the information but do not Now $5.000. $4,000 $3,000, $3.500 actively collude, what will be the outcome? Lindsey Assume the advertising company offers a deal that increases the profit for both owners by $2,000 but Later $900, $1.000 $1.500. $1,800 only if they advertise later. Based on these changes: 5. What is Lindsey's dominant strategy? 6. What is David's dominant strategy? *See videos on YouTube channel ACDCLeadership