Elucidate a process under which the competing oligopolists

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Reference no: EM1348042

here are two "oligopolists" competing over pieces of cake in the presence of a . Danny, age 6, and Drew, age 4. The regulator is Dan, also the dad, forget about his age. Dan, Danny and Drew agree that

a. There is enough cake for 2 people, Dan, the dad, gets none.

b. Danny and Drew each want the "bigger piece of cake" after all, brotherly pride is at stake here.

c. Dan could simply cut the cake in half and be done with it - however, Dan is an economists and economists cannot do things simply.

d. Can you fully Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets?

Reference no: EM1348042

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