I think that the cell phone companies should be responsible to abide by the antitrust laws. The competition between companies in our area is very competitive and their pricing is similar to each other for the services that they offer.
Do you think the cell phone industry could be an oligopoly?
In our area the cell phone industry could be an oligopoly.
Why or why not?
Because of limited cell phone towers, and a smaller population.
Because of limited cell phone towers, and a smaller population.
There are only three, maybe four cell phone competitors in our area.
Decision Box:
Game Theory, the study of how people behave in strategic situations. The Prisoners Dilemma explains why cooperation is difficult between companies when it is beneficial to both, and the dominant strategy which is the best for one player in the game regardless of what others choose to do. All three of these play into the Decision Box, it works by showing the available choices/strategies of/for the players.
Decision Box:
Game Theory, the study of how people behave in strategic situations. The Prisoners Dilemma explains why cooperation is difficult between companies when it is beneficial to both, and the dominant strategy which is the best for one player in the game regardless of what others choose to do. All three of these play into the Decision Box, it works by showing the available choices/strategies of/for the players.
What about Oligopolies is most unclear to you?
I am still trying to figure out antitrust laws. I understand why we have them but as a whole they seem very complex. I understand some of the violations that companies may be held liable for but it seems that there is a lot of grey area. Any suggestions on additional reading materials?
No comments:
Post a Comment