Game Theory: Coke vs Pepsi
Not what you're looking for?
Use game theory analysis to describe the competitive behavior of Coke and Pepsi making specific references to actions taken by each firm. What conclusions can you draw about this type of competitive strategy?
Purchase this Solution
Solution Summary
This solution uses game theory to illustrate the competition between Coke and Pepsi, making specific references to actions taken by each firm.
Solution Preview
Game theory is used to model the behaviour of oligopolies. Unlike monopolies, oligopolies have market competitors, but unlike perfectly competitive firms and monopolistically competitive firms, oligopolistic firms have so few competitors that pricing and marketing decisions made by one firm can affect all the other firms. This means that firms must take ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.