Thank you for the concept and some answers for the assignment program. I was struggling for a while to get the answer working on two oligopoly models I learned in class. Is this like Bertrand model thank you.
Hi Danielle,You are welcome. The Bertrand model deals with duopolies or how two companies compete with each other without any cooperation between the firms. This problem deals with cartel pricing behavior which is a bit different since there is cooperation between firms. If you are satisfied with my service, please rate me as good service or better so that I may receive credit for my work.Thank you and have a great weekend.