All of the Following Statements,except One,are Correct About Game Theory

question 118

Multiple Choice

All of the following statements,except one,are correct about game theory analysis.Which is the exception?

• A)It has led some economists to conclude that the likelihood of cheating is a more effective barrier to collusion than government legislation.
• B)It emphasizes the importance of mutual interdependence.
• C)It is an attempt to explain firm behaviour.
• D)It shows that it is rational for each firm to trust the other.
• E)It is able to predict a likely outcome of two firms engaged in considering a specific action.

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