Business, 05.05.2020 22:35 kenariachrista

Boston Coffee does have a dominant strategy, its dominant strategy is to advertise. Starbucks' dominant strategy is also to advertise. Both will succeed but could create collusion.
True or False?
a) If there is collusion through repeated play and/or tacit agreement then a compromise must be made that helps both sides benefit.
b) We use game theory tools such as this payoff matrix to analyze oligopoly firms to determine different strategies in the market structure.

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