Economists Use Game Theory to Analyse Strategic Behaviour, Which Takes

question 19

Multiple Choice

Economists use game theory to analyse strategic behaviour, which takes into account

• A) the expected behaviour of others and the recognition of mutual interdependence.
• B) that increased demand decreases the market power of the firms in the market.
• C) the price-taking behaviour of oligopolists.
• D) non-price competition.
• E) monopoly situations.