Which of the following is an example of a one-time game?

Using the check and X method, identify the dominant strategy for Player 1 in the following payoff matrix:| | Player 2 A | Player 2 B ||----------|------------|------------|| Player 1 A | (5, 5) | (2, 6) || Player 1 B | (6, 2) | (3, 3) |

What are the ethical implications of implicit collusion through price leadership?

How can cooperation alter the outcome of the Prisoner's Dilemma?

What is a cartel, and why is it generally considered illegal in many countries?

Under what conditions does a player have a dominant strategy in a game?

Construct a payoff matrix for the following scenario: Two firms, A and B, can either set a high price or a low price. If both set a high price, they earn \$10 million each. If both set a low price, they earn \$5 million each. If one sets a high price and the other sets a low price, the firm with the low price earns \$15 million, and the firm with the high price earns \$2 million. What is the dominant strategy for each firm?