Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome?

a. Tit-for-tat
b. Win-win
c. Last in-first out
d. Second best

a

Economics

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An input-output table details the sales of each industry to all other industries in an economy

Indicate whether the statement is true or false

Economics

Fixed costs are costs paid for:

a. medical reimbursements and health insurance of workers. b. obsolete plant and equipment not used anymore. c. plant and equipment in the long run. d. hiring temporary workers. e. resources that do not change with changes in output.

Economics