Price leadership in an oligopoly entails an implicit or tacit form of collusion.
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Q37: One common factor that often weakens collusion
Q38: The kinked-demand curve model applies to a
Q39: In repeated games, players may be willing
Q40: If an oligopolist's competitors follow its price
Q41: Nash equilibrium is an outcome of a
Q43: An empty threat is a statement of
Q44: A sequential game can be modeled in
Q45: Unlike a monopoly, an oligopoly tends to
Q46: Potential entry by new firms and competition
Q47: First-mover advantage cannot happen in a one-time
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