Is a repeated-or single-period game more appropriate for the study of oligopolies? In which setting is collusion

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Is a repeated-or single-period game more appropriate for the study of oligopolies? In which setting is collusion more likely to be a stable outcome? Explain your answer.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:28 AM

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Is a repeated-or single-period game more appropriate for the study of oligopolies? In which setting is collusion

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A repeatedgame setting is more appropriate in most oligopolistic markets because firms do e...View the full answer

Microeconomics Theory and Applications

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