223 Outcome: Game Theory

What you’ll learn to do: explain the role of game theory in understanding the behavior of oligopolies

In this outcome, you will analyze the fascinating dilemmas firms may face in an oligopoly—cooperate or act independently?


The learning activities for this section include the following:

  • Reading: Prisoner’s Dilemma
  • Reading: Game Theory
  • Self Check: Game Theory

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.


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Microeconomics Copyright © by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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