Question
Why do economists use game theory to explain oligopolies? Group of answer choices Oligopolies are complex and varied and game theory allows economists to model
Why do economists use game theory to explain oligopolies?
Group of answer choices
Oligopolies are complex and varied and game theory allows economists to model different variations of competition and cooperation.
Game theory allows economists to study consumer reaction to product choices in an economy.
Game theory allows economists to mimic the same simplicity of oligopolies.
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
