Please help me figure this out so I would know how to work this problem if it does come up again.
Please see attachment.© BrainMass Inc. brainmass.com June 19, 2018, 11:53 pm ad1c9bdddf
Using the chart, we can see that each airline has a dominant strategy of charging the low price. This occurs when the airline's most profitable move is always the low price, given ...
Application of game theory to oligopolistic market