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Game theory: a. is best suited for analyzing purely competitive markets b. is the analysis of how people (or firms) behave in strategic situations. c. reveals that price-fixing among firms reduces profits
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Game theory:

a. is best suited for analyzing purely competitive markets
b. is the analysis of how people (or firms) behave in strategic situations.
c. reveals that price-fixing among firms reduces profits
d. reveals that mergers between rival firms are self-defeating.

User Miroslav Savovski
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5 votes

Answer:

B) is the analysis of how people (or firms) behave in strategic situations.

User Thotep
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