Problem
After you have studied Economics in the News on pp. 360 - 361, answer the following questions.
a. What are the strategies of Rogers, Telus, and Bell in the market for cellphone service?
b. Why did they not raise their prices in Manitoba and Saskatchewan? How is the game different in those provinces?
c. Why is a tit-for-tat punishment strategy needed to get the firms out of a prisoners' dilemma?
d. How would you expect the entry of a fourth big player, such as U.S. Verizon, to change the game and its outcome?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.