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Briefly outline the Prisoner's Dilemma model of oligopoly Within the context of this model explain, what you think might have happened and why had Caltex been allowed to purchase the Mobil service

Briefly outline the Prisoner's Dilemma model of oligopoly. Within the context of this model explain, what you think might have happened and why, had Caltex been allowed to purchase the Mobil service stations. Use the idea of prisoners dilemma with two petorl stations next to each other, one mobil and one caltex and how may have they strategically interacted before and after the takeover i.e Caltex acquiring 153 Mobil service stations. Diagrams.

May 02 2020 View more View Less

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