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1. Which of the following is a basic assumption of noncooperative game theory involving oligopolies? a. behavioural heuristics b. rationality, including profit maximisation. c. perfect
1. Which of the following is a basic assumption of noncooperative game theory involving oligopolies? a. behavioural heuristics b. rationality, including profit maximisation. c. perfect information. d. none of the other answers . 2. Which scenario does NOT suggest strategic interaction: a. A monopoly choosing to set a low price (below the profit-maximising price for a monopolist) because an entrepreneur in another industry is preparing to enter the monopolist's industry. b. A goal-keeper in football (soccer) diving left on a penalty kick in anticipation of what they think their opponent will do. c. Russia planning to ban sales of oil to countries who plan to put a cap on prices for Russian oil. d. A monopoly choosing to produce a quantity such that marginal revenue equals marginal cost
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