The strategies used by Oligopoly firms may create a monopoly firm in the industry Include in your
answer the definition of, explanation of, and real world example of the strategies used by Oligopoly
firms: Game Theory and the Nash Equilibrium, Prisoner's Dilemma,
a. may create a monopoly firm in the industry such as Collusion or Cartel.
b. may create a dominant firm such as Price Leadership or the Kinked Demand Curve.
c. involves strategies similar to a chess match such as Prisoner's Dilemma, Nash Equilibrium, and Game Theory.
d. All of the above are correct.
e. None of the above are correct.