If a Forecast Is Consistently Greater Than (Or Less Than)

question 3

True/False

If a forecast is consistently greater than (or less than) actual values, the forecast is said to be biased.

Comprehend the role of free trade and competition in oligopolistic markets.

Analyze the strategic decisions of firms in game theory contexts, including dominant strategies and Nash equilibria.

Recognize famous examples of cartels and their impact on global markets.

Differentiate between various market structures based on the number of firms and market behavior.