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Following an acrimonious split, two former business partners now head rival companies. How might they best overcome this challenge in order to cooperate in a Prisoner’s Dilemma situation?

Be sure to focus on responses in discrete chunks, rather than focusing on possible future goals.

Set aside anger and envy, and focus on the goal of making money no matter what else happens.

Use sophisticated strategies that won’t reveal their plan each other.

Start out strong and make certain competitors know they are in it for the win, even if it is detrimental to their business.

Overcoming envy is one of many psychological hurdles to cooperation, particularly when competitors have a history together. By setting aside anger and envy, the company heads will be able to focus on what matters.

Two rival companies sell handmade hammocks in a seaside town. This summer, they've been competing for the business of tourists by cutting or raising prices. Using your knowledge of the…

Two rival companies sell handmade hammocks in a seaside town. Every summer, they compete for the business of tourists by cutting or raising prices. Using your knowledge of the Prisoner's…

A pricing team is using game theory to guide their pricing strategy. What advice would you be most likely to expect a seasoned member of the team to share?

Two bakeries make most of their money on wedding cakes, and competition each summer wedding season is brutal. What long term strategy would most likely work best in this game between the two bakeries?

Which of the following software companies is most likely to benefit from game theory analysis?

In which of the following scenarios would a company best be able to use competitor pricing models?

Review: Which of these actions would be most likely to be considered a rule of reason violation of the Sherman Antitrust Act?

You run a mobile mechanic business and have the strongest position but the market is very fragmented with competitors. How should you price your services?

Your pet supply company has just constructed a competitive pricing framework. What conclusions could you draw from the framework?

A popular store that specializes in ready-to-assemble and affordable furniture is adding a high-end luxury leather sectional sofa to its product line. They are considering a price of $6379,…

You work for an established company that makes woodwind instruments. Your product line of saxophones ranges from student to professional level horns. The vast majority of your buyers don't buy…

A company that manufactures hand-held gaming devices is facing diminishing sales in the market decline phase. How might they best address the declining demand?

How might Cali best evaluate their market position and possible options in the stylish clothing category for the various customer segments?

In which of the following scenarios would a company best be able to use competitor pricing models?

How might a value map help a firm that is trying to better understand its prices for home audio systems and the value it offers customers relative to its competitors?