Describe the nash equilibrium and the payoffs for collusion

Reference no: EM133625941

Problem: Why is there an emphasis on non-price competition in oligopoly markets rather than on lowering prices to gain market share? List five or six oligopolists whose products you own or regularly purchase. Discuss specific firm behavior that reduced the level of competition in an industry. What are the opportunities costs of greater concentration? Describe the Nash equilibrium and the payoffs for collusion.

Reference no: EM133625941

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