This article explains the application of prisoner’s dilemma in pricing strategy. It also discusses non-price competition and its impact on the market. The article is relevant for economics, sociology, psychology and finance students.

Managerial Economics Problem Set 6

1. Analyze low price guarantees using game theory and prisoner's dilemma to determine if they are consumer friendly or unfriendly. 2. Explore non-price forms of competition and assess market competitiveness with examples.

Learn about prisoner's dilemma in pricing and non-price competition's market impact in this relevant article for economics, sociology, psychology, and finance students.

Application of Prisoner’s Dilemma in Pricing Strategy