Of quantity switchgearsweek switchgearsweek mc1 mc 6

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Unformatted text preview: Both cheating achieves competitive outcome 0 1 2 3 4 5 D 6 7 Quantity (thous. of Quantity switchgears/week) switchgears/week) Repeated Games Repeated • Firms have the opportunity to penalize each other for cheating. • The firms cooperative equilibrium will share the monopoly profit. Oligopoly - Collusion Oligopoly Team A $10 Team B $9 $8 $10 16, 16 13, 19 9 ,22 $9 18, 13 15, 15 12, 18 $8 20, 10 16, 12 13, 14...
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This document was uploaded on 03/13/2014.

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