Question

Economists refer to their methodology for analyzing oligopolies as a game theory​ because, as in​ games _____.

a. interactions among​ firms, which are​ players, are crucial in determining outcomes

b. firms employ strategies to attain their objectives

c. firms are governed by rules that determine what actions are allowable

d. firms seek​ profits, which are​ payoffs, that are the result of firm interaction

e. all of the above

Answer 1

e. all of the above

Step-by-step explanation:

Just like inn games, all the features enumerated in the options apply.

Specifically, actions by players determine outcomes. Also, players employ strategies to obtain desired results.