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9-12 Sweezy Oligopoly Summary Firms believe rivals match price cuts, but not price increases. Firms operating in a Sweezy oligopoly maximize profit by producing where

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Successful strategic alliances with international partners 233 Biographical notes: Van R. Wood (PhD) is a Professor of International Marketing and the Philip Morris Endowed Chair in International Business

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transacted without it. Without knowing whom to pay to grease the wheels, companies face frustration and failure. If a US company resorts to bribery, it faces great pressure to hide it, including hiding it in financial statements. In contrast, other countries have a more tolerant or pragmatic view of bribery.

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