Complete the oligopoly rules

Exercise and reference answers

Missing parts

1. Answer

   cartel

   Choices

   1. cartel
   2. merger
   3. franchise

2. Answer

   cuts

   Choices

   1. cuts
   2. rises
   3. freezes

3. Answer

   dilemma

   Choices

   1. dilemma
   2. paradox
   3. theorem

Complete the statement

A formal deal to act as one seller is a {0}; the kinked demand curve says rivals match price {1} only; and cooperation pays more than self-interest in the prisoner's {2}.

Instructions

Tap a word for each blank to complete the rules.

Explanation