Practice: Based on the information in the payoff matrix, which of the following is true?
Concept #1: Game Theory, One-Time Games, and the Prisoner's Dilemma
Concept #2: Dominant Strategy and the Nash Equilibrium
Concept #3: Collusion, Cartels, and Price Leadership
Concept #4: One-Time Games: Finding Dominant Strategies and Nash Equilibrium with the "Check and X" Method
Practice: The game above has:
Practice: In a cartel, the incentive to cheat is significant because