Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome?

Question

Quizplus · Accepted Answer

All of these are game theory strategies for oligopolists to avoid a low-price outcome. Tit-for-tat involves matching the actions of competitors, price leadership involves one dominant firm setting the price that others follow, and a cartel involves collusion among firms to collectively set prices. All of these strategies aim to maintain higher prices and avoid a price war.

Which of the Following Is a Game Theory Strategy for Oligopolists