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DuringPhase 1(Idea Generation)ofNominalGroup Technique

question 78

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DuringPhase 1(Idea Generation) ofNominalGroup Technique,

Explain the concept of game theory and its applications in oligopolistic markets.
Distinguish between simultaneous and sequential games in the context of strategic firm behavior.
Recognize the use of advertising and its significance in various market structures.
Understand the concept of the Nash equilibrium and its role in game theory.

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