Change:  It may be legal when firms communicate about where they will put their stores, and not about money. Obstacles to collusion Demand and cost differences Number of firms Cheating Recession Potential Entry Legal Obstacles: Antitrust LawIncentive to Cheat Oligopolists are strongly tempted to cheat on collusive agreements If   View changes from previous version. (Word count: 334)

Change: anohteranother player.Example of a Game Theory Model (using prisoners):Mutual Interdependence Revisited: Oligopolistic firms can influence rival's profits by changing pricing strategies Each firm's profit depends on their pricing strategy in relation to their rival's Collusion Tendencies Collusion: cooperation between firms to achieve benefits Firms   View changes from previous version. (Word count: 275)

Change: A strategy that's best for the player in a game regardless by strategy chose by anohter player.Example of a Game Theory Model (using prisoners):Mutual Interdependence Revisited:Oligopolistic firms can influence rival's profits by changing pricing strategiesEach firm's profit depends on their   View changes from previous version. (Word count: 261)

Change: attempt to attract more consumers than the rival firmAgreements are easier to make between a few firms because it is easier to track if firms begin to cheat. it is harder for a larger amounts of firms to make an agreement.   View changes from previous version. (Word count: 195)

Change: wars, where their profits decrease significantlyIncentive to CheatOligopolists are strongly tempted to cheat on collusive agreementsIf two firms agree to set a certain price, one firm may secretly change their price in an attempt to attract more consumers than the rival firm   View changes from previous version. (Word count: 154)