Oligopolies are large dominant firms that can influence the industry output but not the industry price.
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Q179: In the prisoner's dilemma, both players have
Q180: A dominant strategy is a strategy that
Q181: Oligopolies are able to earn more than
Q182: Consumers "win" when a firm offers to
Q183: One way a cartel gets its power
Q185: It is easy for a cartel to
Q186: It is easier to prosecute collusion when
Q187: Tactic collusion occurs even without explicit agreement
Q188: When cheating is less profitable or easier
Q189: The Sherman Antitrust Act prevents Microsoft from
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