The Strategic Interaction Between Firms in a Duopolistic Market as a Game

question 33

True/False

The strategic interaction between firms in a duopolistic market as a game where each firm chooses its quantity simultaneously is called a simultaneous-move quantity-setting duopoly game.

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Definitions:

Non-Decisions

involve situations where potential issues or alternatives are prevented from becoming actual agenda items or subjects of decision-making, often reflecting power dynamics.

Bachrach and Baratz

Two political scientists known for their theory on power and decision-making, particularly the concept of nondecision-making as a form of power.

Three-Dimensional Model (Lukes)

A framework proposed by Steven Lukes for analyzing power dynamics, encompassing decision-making power, non-decision-making power, and ideological power.

Transactional Model (Deetz)

A communication framework proposed by Stanley Deetz, which views communication as a series of transactions or exchanges between individuals, focusing on the power dynamics and intentions involved.