Across
- 2. A market structure where a single firm dominates an industry with no close substitutes.
- 5. A mathematical concept used to analyze strategic interactions, such as the Prisoner’s Dilemma.
- 7. Discrimination – A pricing strategy where a firm charges different prices for the same product based on customer segments.
- 8. Government policies designed to control monopolistic power and prevent market failures.
- 9. – A game theory model that demonstrates why two rational individuals might not cooperate, even when it benefits them both.
Down
- 1. A situation where firms in an oligopoly agree to fix prices or limit production to increase profits.
- 3. A market structure with a few dominant firms that are interdependent in decision-making.
- 4. Factors that prevent new firms from entering a market, allowing monopolies to maintain dominance.
- 6. A stable outcome in game theory where no player benefits by changing their strategy unilaterally.
- 7. Leadership – A strategy where one firm in an oligopoly sets the price, and other firms follow.