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Author Question: In the 1990s, business organizations were A) flattened. B) turned inside out. C) formed into ... (Read 54 times)

madam-professor

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on: Jun 30, 2018
In the 1990s, business organizations were
 A) flattened.
  B) turned inside out.
  C) formed into horizontal structures.
  D) all of these choices.

Question 2

In an oligopoly, which strategy - collusion or competition - resembles the choice of remaining silent in a prisoners' dilemma? Why?


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TDubDCFL

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Collusion for an oligopolist is similar to remaining silent in the prisoners' dilemma. In each case, those involved are acting more in the interest of the group as opposed to focusing on a more self-interested strategy. In addition, collusion generates a favorable group result with maximum economic profit in the industry; remaining silent generates a favorable group result with shortest prison sentences for all prisoners combined.


madam-professor

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Reply 2 on: Jun 30, 2018
Excellent

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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