INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi Monopoly and Imperfect Competition soru detayı:

PAYLAŞ:

SORU:
In all games--chess, poker, or Monopoly--the interactions among the players are crucial in determining the outcome. What characteristics do games have?

CEVAP:
1. Rules that determine which actions are allowable
2. Strategies that players employ to attain their objectives in the game
3. Payoffs that are the results of the interaction among the players’ strategies
The payoffs in an oligopoly context are the profits earned as a result of a firm’s strategies interacting with the strategies of other firms.

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