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Author Question: The Prisoners' DilemmaThe payoff matrix shows the possible profits for a duopoly when deciding ... (Read 46 times)

knemetz3

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on: Nov 23, 2022
The Prisoners' Dilemma

The payoff matrix shows the possible profits for a duopoly when deciding between charging a low price or a high price. Firm A's profit is show in blue and Firm B's profit is shown in green.



Assume that P1=$71, P2=$12, P3=$95, and P4=$47.5. If the firms do not collude, both firms will charge the ________. If the firms do collude, each firm will charge the ________. What are the gains from collusion?
◦ low price, low price, $47.50
◦ low price, high price, $23.50
◦ high price, high price, $35.50
◦ high price, low price, $59.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by knemetz3 on Nov 23, 2022

dianagarcia

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knemetz3

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

pangili4

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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