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…

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…

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…

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…