Question
The following payoff matrix sets out the profits for firms who try to collude. Firm A cuts price Firm A colludes on price Firm B
The following payoff matrix sets out the profits for firms who try to collude.
Firm A cuts price Firm A colludes on price Firm B cuts price 1,1 0,21 Firm B colludes on price 21,0 10,10
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
