Positive Statements Are Not

question 17

Multiple Choice

Positive statements are not

• A)descriptive.
• B)prescriptive.
• C)claims about how the world is.
• D)made by economists speaking as scientists.

Understand the application of game theory in competitive business strategies.

Identify the influence of market structure changes on strategic decisions.

Explore the impact of external threats on strategic decision-making.

Discuss the strategic effects of firm actions on competitor behavior.

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Definitions:

Resources

The assets, materials, and inputs needed by individuals, organizations, or countries to produce goods or services.

Incumbent

The current holder of a political office or position, often with an advantage in reelection efforts.

Unethical

pertains to actions or behaviors that are morally wrong or not in accordance with accepted moral standards.

Campaign Strategy

A planned course of action in a political campaign or other organized effort to achieve a specific goal or set of goals.