Argument or Not an Argument

question 29

Short Answer

Argument or not an argument?
-First, I don't like tacos, and I don't like burritos. Second, I can't stand fish and chips, and I detest fried chicken. I also don't like hamburgers, French fries, or sub sandwiches. I sure hope we don't have to eat at fast food places on the trip.

Recognize the application of game theory in analyzing oligopolistic behavior and strategic decision-making.

Distinguish between different types of games in game theory, including zero-sum, positive-sum, and repeated games.

Appreciate the role of collusion, cartel behavior, and cheating within oligopolistic markets.

Identify the factors affecting collusion and the sustainability of cartel agreements.