Discuss the importance of information for effective tacit collusion. What
kind of information do firms need and why?
5) Why do many drug manufacturers continue to make a profit even after
their patents expire and other firms begin to manufacture generics?
6) Find an industry that spends a large amount on advertising. What affect is
advertising competition likely to have on the number of firms in the
industry?
7) Which industry is more concentrated, the US market for cellular service or
the market for internet search engines? Explain your answer.
8) In the late 1950s the National Football League (NFL) was content with 12
teams and turned down requests to form franchises in some large US cities.
As a result, in the 1960s, the American Football League (AFL) formed with
new teams in several large cities. Although 12 teams might have been
optimal for a single league, how might the NFL have behaved differently if it
had anticipated the possibility of entry from the AFL?
9) Until 2018 when it lost a case with EU regulators, Google bundled many of
its apps. For instance, phone manufacturers that wanted to preinstall the
Google Play Store were required to also preinstall other Google Apps
including the Google Search App and Chrome, among others. How might
this contractual agreement make it harder for other app makers to enter
the market? How might this affect the advertising market where Google
makes most of its revenue?
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