Assertion: oligopoly | /r/HasProperty | a branch of mathematics
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Source sentences:
text: Glossary cartel a group of firms that collude to produce the monopoly output and sell at the monopoly price collusion when firms act together to reduce output and keep prices high duopoly an oligopoly with only two firms game theory a branch of mathematics often used by economists that analyzes situations in which players must make decisions and then receive payoffs based on what decisions the other players make kinked demand curve a perceived demand curve that arises when competing oligopoly firms commit to match price cuts, but not price increases prisoner’s dilemma a game in which the gains from cooperation are larger than the rewards from pursuing self-interest
text: Glossary cartel a group of firms that collude to produce the monopoly output and sell at the monopoly price collusion when firms act together to reduce output and keep prices high duopoly an oligopoly with only two firms game theory a branch of mathematics often used by economists that analyzes situations in which players must make decisions and then receive payoffs based on what decisions the other players make kinked demand curve a perceived demand curve that arises when competing oligopoly firms commit to match price cuts, but not price increases prisoner’s dilemma a game in which the gains from cooperation are larger than the rewards from pursuing self-interest