Firm A and Firm B are in a duopoly game, so they can either comply with a cartel argument or cheat on the agreement. The cartel agreement calls for each firm to boost its price and restrict the amount it produces.
Strategies A's Strategies
Cheat Comply
B's strategies Cheat (0,0) (3,-1)
Comply (-1,3) (2,2)
Question 1: "If firm A cheats on the cartel and firm B complies with the agreement, Firm A's profit is "
Select one:
a. $ 3 million
b. $ 2 million
c. Zero
d. (-) $ 1 million
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Answer:
in this question something is missing
can you again cheak the ques
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