For the Sake of Argument, Assume That the Rules of the Game

question 2

Essay

For the sake of argument, assume that the rules of the game are defined in such a way that hawks (competitors) are denied the use of violence or force and that competition is conditioned by the rule of law.This might approximate a highly competitive capitalist society.If everyone is a hawk in this world, describe the conditions necessary for this society to have all hawks permanently.

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Definitions:

Average Revenue

Total revenue divided by the quantity sold

Total Revenue

The cumulative sum of funds a business accumulates from selling products or offering services over a specific duration.

Government

The organization or system by which a community or nation is governed, responsible for making and enforcing laws, policies, and regulations.

Exclusive Right

A legal privilege that allows the holder to be the sole individual or entity with the authority to utilize, produce, or sell a particular product or service.