Introduction to Economics 1 Deneme Sınavı Sorusu #727159
Which of the following is the definition of game theory?
Game theory is an agreement among the firms of a market about the prices to charge or output supplied. |
Game theory represents a situation among the interacting firms, each of |
Game theory is the study of how people/firms/countries make decisions in situations in which attaining their goals depends on their interactions with others. |
Game theory is the best response strategy for a firm, no matter what strategies other firms use. |
Game theory is a market structure with only one producer/seller of a good and it does not act as a price taker but as a price setter. |
Game theory is the study of how people/firms/countries make decisions in situations in which attaining their goals depends on their interactions with others. The correct answer is C.
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