Business, 26.11.2019 18:31, 22dpickr

Economists refer to their methodology for analyzing oligopolies as a game theory because, as in games

a. interactions among firms, which are players, are crucial in determining outcomes
b. firms employ strategies to attain their objectives
c. firms are governed by rules that determine what actions are allowable
d. firms seek profits, which are payoffs, that are the result of firm interaction
e. all of the above

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Economists refer to their methodology for analyzing oligopolies as a game theory because, as in game...