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Unformatted text preview: the extensive form of this game. Does the incumbent want help pass legislation? b. Analyze the above game if the annual government fee is $25. c. What do you have to say about results of a and b. Review questions: 1. Under what conditions does a firm benefit from using noncooperative strategic behavior? 2. Should antitrust laws forbid all actions that appear to be noncooperative or cooperative strategic behavior? 3. Why do firms vertically integrate? Why might they not vertically integrate? More questions to come …...
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This test prep was uploaded on 03/25/2008 for the course ECON 425 taught by Professor Watugala during the Summer '06 term at Texas A&M.
- Summer '06