https://padlet.com/amoghbal6135/zd1j3c83dotv en-us 2019-03-20 14:47:04 UTC 2019-03-20 15:10:34 UTC hello@padlet.com amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367104 When the outcome of each firm depends on the actions of the other firms in the market]]> 2019-03-20 14:55:03 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367104 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367247 When sellers cooperate to raise their joint profit]]> 2019-03-20 14:55:16 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367247 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367449 The study of behavior in situations of interdependence]]> 2019-03-20 14:55:33 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367449 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367688 Is a game based on two premises: 1) Each player has an incentive to choose an action that benefits itself at the other player's expense; and 2) When both players act in this way, both are worse off than if they had acted cooperatively]]> 2019-03-20 14:55:54 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343367688 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343368019 Occurs when a tacit collusion breaks down the aggressive price competition causes prices to collapse]]> 2019-03-20 14:56:25 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343368019 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343368154 Is an attempt by a firm to convince buyers that its product is different from the products of other firms in the industry]]> 2019-03-20 14:56:39 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343368154 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369495 One firm sets its price first, and other firms then follow]]> 2019-03-20 14:58:43 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369495 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369658 Firms understand not to compete on price]]> 2019-03-20 14:58:58 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369658 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369810 Occurs when a tacit collusion breaks down the aggressive price competition causes prices to collapse]]> 2019-03-20 14:59:15 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343369810 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343370024 The firms in a monopolistically competitive industry have excess capacity; they produce less than the output at which ATC is minimized]]> 2019-03-20 14:59:35 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343370024 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343370542 2019-03-20 15:00:24 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343370542 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343375651 non-cooperative equilibrium is the result when each player in a game chooses the action that maximize his or her payoff, given the actions of each other players]]> 2019-03-20 15:08:24 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343375651 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343375978 2019-03-20 15:08:57 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343375978 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343376581 When firms limit production and raise prices in a way that raises each other's profits, even though they have not made any formal agreement]]> 2019-03-20 15:09:56 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343376581 amoghbal6135 https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343376872 A strategy involves playing cooperatively at first, then doing whatever the other player did in the previous period]]> 2019-03-20 15:10:25 UTC https://padlet.com/amoghbal6135/zd1j3c83dotv/wish/343376872