Microeconomics – 6. Monopoly and Monopolistic Competition
What is a cartel? Are cartels legal in the United States? When does a monopoly exist? What is the pricing rule for a monopoly? Illustrate the dead weight loss of…
Microeconomics – 5. Perfect Competition
To what does industry structure refer? What are the major types of industry structures? What is the central concept driving the structure-conduct-performance paradigm? Identify several types of market conduct. How…
Competitive Strategy Chapter 2 Soft Cooperative Commitment
Reputation building is a form of cooperative commitment. ( With soft commitment, companies try to build a reputation as a fair and cooperative player – in the hope that the…
Competitive Strategy Chapter 1 Taking Care of Your Competition
In finite games it is clear from the beginning how often the game is repeated and when it ends. If the outcome of a game is determined by the fact…