Alpha and Beta, two oligopoly rivals in a duopoly market, choose prices of their products on the

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Alpha and Beta, two oligopoly rivals in a duopoly market, choose prices of their products on the first day of the month. The following payoff table shows their monthly payoffs resulting from the pricing decisions they can make
Alphas Price
High Low
Beta Price: HIGH A 200; 300 B 50; 350
LOW C 300; 150 D 75; 200
a) Is the pricing decision facing Alpha and Beta a prisoners dilemma? Why or why not
b) What is the cooperative outcome? What is the non cooperative outcome?
c) Which cell(s) represents cheating in the pricing decision? Explain
d) If Alpha and Beta Make their pricing decision just one time, will the choose the cooperative outcome? Why or why not?
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