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In a market structure where firms are mutually interdependent,-(Answered)

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In a market structure where firms are mutually interdependent, price competition is not common. Explain using the game theory matrix, with relevant assumptions, how firms make decisions when they behave collusively and non-collusively. In the absence of price competition, how do firms maintain or increase their market share?

 

Paper#9210519 | Written in 27-Jul-2016

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