This assignment covers the concepts addressed in Game Theory. Game Theory helps to explain how firms in an oligopolistic market price their products. This assignment contains three separate matrices and students will have to answer best response, dominant strategy, and Nash Equilibrium questions based on these matrices.
-2 page assignment
-2 page answer key
NOTE: This assignment is titled "Assignment 2". It is helpful, but not necessary for students to first complete "Assignment 1". "Assignment 1" is available at my store under the name "Basic Game Theory Assignment w/ Answer Key".