Game theory would classify a cartel under the topic of
A) zero-sum games.
B) cooperative games.
C) noncooperative games.
D) dominant-strategy games.

Question

Quizplus · Accepted Answer

Cartels involve a group of firms cooperating to restrict output and increase prices. This falls under the category of cooperative games in game theory as the firms are working together towards a common goal.

Game Theory Would Classify a Cartel Under the Topic of