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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 22,22
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
