Economics in The Dark Knight

What is an oligopoly?

• A market with no competition

• A market with only one producer

• A market controlled by a few large producers

• A market with many small producers

Which of the following is an example of collusion?

• Firms independently setting their prices

• Firms collaborating to set high prices

• Firms merging into one company

• Firms lowering prices to compete

What is Game Theory primarily concerned with?

• The study of consumer behavior

• The study of strategic decision-making

• The study of market trends

• The study of economic policies

In the Prisoner's Dilemma, what happens if both prisoners confess?

• Both receive a light sentence

• Both receive a heavy sentence

• One goes free, the other is punished

• Both go free

What is a dominant strategy in Game Theory?

• A strategy that is only used in rare cases

• A strategy that changes based on the opponent's actions

• A strategy that is best regardless of what the opponent does

• A strategy that is never used

Which two companies are used as examples in the comic book industry oligopoly?

• DC Comics and Dark Horse Comics

• Marvel and DC Comics

• Image Comics and Dark Horse Comics

• Marvel and Image Comics

What is the Nash equilibrium?

• A situation where no player can benefit by changing strategies if others keep theirs unchanged

• A situation where all players benefit equally

• A situation where one player dominates the market

• A situation where players continuously change strategies

In the comic book example, which character does DC Comics choose to focus on for maximum profit?

• Joker

• Alfred

• Superman

• Batman

What does Marvel Comics decide to do when DC chooses the Joker?

• Focus on Captain America

• Focus on Jarvis

• Focus on Iron Man

• Focus on the Mandarin

Why is it important for firms in an oligopoly to consider their competitors' actions?

• Because they want to merge with them

• Because they want to ignore them

• Because their decisions are interdependent

• Because they want to eliminate them