Why is game theory needed to study oligopolies, but not perfectly competitive markets?

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 06, 2024 06:01 AM

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Why is game theory needed to study oligopolies, but not perfectly competitive markets?

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Game theory is needed to study oligopolies because it provides a framework for analyzing the strateg...View the full answer

Economics

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