What Is the Approach Used by Economists to Analyse Competition

question 125

Multiple Choice

What is the approach used by economists to analyse competition among oligopolists?

• A)marginal analysis.
• B)game theory.
• C)oligopoly theory.
• D)competition among the few.

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Definitions:

Operating Activities

Business functions directly related to providing goods and services, which are reflected in the cash flow statement.

Business Decisions

Choices made by individuals or groups in a corporate setting regarding the direction, operations, and strategy of a business.

Direct Method

A cash flow statement preparation method that lists major cash receipts and payments during the period, directly showing sources and uses of cash.

Net Income

A calculation that determines a company's profit by deducting total expenses from total revenues, serving as an essential indicator of financial health.