In the Game Theory Model of Oligopoly

question 66

Multiple Choice

In the game theory model of oligopoly,

• A)firms will be successful in colluding to raise prices
• B)one firm raises its prices, and other firms follow suit
• C)firms will match other firms' price cuts but not their price increases
• D)firms may attempt to avoid the worst outcome but may achieve a less-than-optimal outcome
• E)firms never avoid the worst outcome

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