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Homework Writing Assignment for Math Class
Based on your group discussion on Game Theory and Oligopolies, provide the following answers:Will the firms in an oligopoly act more like a monopoly or more like competitors? Briefly explain.Does each individual in a prisoner’s dilemma benefit more from cooperation or from pursuing self-interest? Explain briefly.Define Nash Equilibrium and how it can be applied.What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?Assignment FormattingMicrosoft Word document12-point font (Times New Roman or Courier)double-spaced1 inch margins all around with page numbers
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