Answer the following questions using academic sources as well
Half page response for each. Thank you.
1. Provide your own real examples of monopolistic competitive and oligopoly markets, and explain how these firms are price makers.
2. What is the main point of the kinked Demand model?
3. How the barometric price leadership works? Provide an instance.
4. Based on your own experience as consumer provide instances that illustrate some of price skimming, penetration pricing, limit pricing, predatory pricing, prestige pricing and psychological pricing.
5. Define and give an example of zero-sum games and non-zero sum games (cooperative and non-cooperative)
6. Do you think the Prisoner’s Dilemma game is relevant for managerial decision making?
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