Game theory is necessary to understand which kinds of markets?
A)monopoly
B)competitive
C)oligopoly
D)All of the above are correct.

Name: Game theory is necessary to understand which kinds of markets? A)monopoly B)competitive C)oligopoly D)All of the above are correct.
Brand: Quizplus
Rating: 5.0 (33 reviews)

Question

Quizplus · Accepted Answer

Game theory is particularly useful in understanding oligopoly markets where a few firms have significant market power and their decisions affect each other.

Game Theory Is Necessary to Understand Which Kinds of Markets