How barriers to entry explain the existence of oligopolies

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Reference no: EM131719129

1. How barriers to entry explain the existence of oligopolies?

2. Use game theory to explain the strategies of oligopolistic firms.

3. What are the five competitive forces model?

4. Define the following terms: Noncooperative equilibrium, Prisoner's dilemma, Payoff matrix, Economies of scale, Cooperative equilibrium, Collusion.

Reference no: EM131719129

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