Introduction to Economics 1 Deneme Sınavı Sorusu #726887

.......... represents a situation among the interacting firms, each of which chooses their best strategy given the strategies that all the other firms have already been chosen. Which of the following completes the gap in the statement above?


Game theory

Dominant strategy 

Nash equilibrum

Monopolistic competition

Collusion


Yanıt Açıklaması:

Nash Equilibrium represents a situation among the interacting firms, each of
which chooses their best strategy given the strategies that all the other firms have already been chosen. The Correct Answer is C. 

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