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Learn how game theory can explain interdependence and price stickiness in oligopolies. How does game theory relates to oligopoly oligopolists must pattern their actions according to the actions and expected reactions of rivals by. Learn how game theory analyzes the interdependent decisions of firms in an oligopoly, and how they can use dominant strategies, nash equilibria, and. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion. The techniques of game theory are used to solve for the equilibrium of an oligopoly market. Jack and jill choose how many gallons. See examples of the prisoners' dilemma and nash equilibrium in.

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Learn how game theory analyzes the interdependent decisions of firms in an oligopoly, and how they can use dominant strategies, nash equilibria, and. How does game theory relates to oligopoly oligopolists must pattern their actions according to the actions and expected reactions of rivals by. Learn how game theory can explain interdependence and price stickiness in oligopolies. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.