Author Question: If two players in an oligopoly game enter into an agreement whereby one player makes a grim trigger, ... (Read 95 times)

jman1234 · **on:** Jun 30, 2018

If two players in an oligopoly game enter into an agreement whereby one player makes a grim trigger, the other player will honor the agreement only if its (i.e. the other's) annual discount rate is high.
Indicate whether the statement is true or false

Question 2

A patent issued by the government, gives a firm monopoly power on certain products or discoveries.
a. True
b. False
Indicate whether the statement is true or false