EXAM #3 CHEAT SHEET pg2.docx - Chapter 20 Political Economy and Public Choice Chapter 14 Price Discrimination Chapter 15 Oligopoly Game Theory Chapter

EXAM #3 CHEAT SHEET pg2.docx - Chapter 20 Political Economy...

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Chapter 20: Political Economy and Public Choice Chapter 14: Price Discrimination A coordination game is one in which players are better off choosing the same strategy than they are if they choose different strategies and there is more than one strategy on which to coordinate Try and limit this by consumer loyalty plans.
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Unformatted text preview: More expensive to switch. Firms compete for the market rather than in the market. The want to dominate the market. Could lead to the adopted standard to not being the best. Chapter 16 Competing for Monopoly: Network Goods Chapter 15: Oligopoly & Game Theory...
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