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Managerial Economics Game Theory for Oligopoly

Managerial Economics Game Theory for Oligopoly. Two firms, Small and Large, compete by price. Each can choose either a low price or a high price. The following payoff table shows the profit (in thousands of dollars) each firm would earn in each of the four possible decision situations:.

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Choose high price - PowerPoint PPT Presentation

Managerial Economics Game Theory for Oligopoly