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In an oligopoly market, the Herfindahl - Hirschman Index is usually O A. between 100 and 1,000. O B. zero. O C. below 2,500.Consider the cartel of Trick and Gear. The game is repeated indefinitely and each firm employs a tit-for-tat strategy. The eqTable 14.2.4 Bud Light Offer New Ads Dont Offer New Ads B: $50 Offer New Ads B: $100 M: $100 M: $200 Miller Lite Dont OfferRefer to Table 14.2.4. The marketers of Budweiser Light beer and Miller Lite beer must decide whether or not to offer new adv

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Answer #1

1) e ) above 2500

2) both firms cheat on he agreement ( there is incomplete information)

3) a) thsi game is described as prisoners dilemma.

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