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January 22, 2023

Academy College Monopolistic Competition and Oligopoly Discussion

Academy College Monopolistic Competition and Oligopoly Discussion
Chapter 9: Pricing and Output Decisions: Monopolistic Competition and Oligopoly
6. Why there are so many ways oligopoly firms can determine the optimum output level and optimum price?
7. What is the main point of the kinked Demand model?
Chapter 10: Special Pricing Practices
1. What is a cartel and what is its objective?
2. Why the collusion agreement of a cartel is difficult to maintain?
Chapter 11: Game Theory and Asymmetric information
1. What is game theory and give an example of a real game you played lately.
4. Do you think the Prisoner’s Dilemma game is relevant for managerial decision making?

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