4 ms·
Is it? I can imagine scenarios where they're better off accepting a duopoly if it allows the profit margin to be 3x higher
by Rebelgecko 3mo ago
Is it? I can imagine scenarios where they're better off accepting a duopoly if it allows the profit margin to be 3x higher
- paytonjjones 3mo agoEasier with a duopoly for sure (if there's something restricting new entrants to the market, that's a big problem in its own right), but even so, it's a prisoners dilemma. They are better off cooperating, but if one defects first they can screw the other one, so it relies on trust.