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Course: AP??/College Microeconomics?>?Unit 4
Lesson 5: Oligopoly and game theory- Oligopolies, duopolies, collusion, and cartels
- Prisoners' dilemma and Nash equilibrium
- More on Nash equilibrium
- Why parties to cartels cheat
- Game theory of cheating firms
- Game theory worked example from AP Microeconomics
- Oligopoly and game theory: foundational concepts
- Game Theory
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Oligopoly and game theory: foundational concepts
Problem
What type of industry is most associated with price leadership and cartels?