Figure 13-3

-The game theory approach to the analysis of oligopoly assumes that oligopolists
A)ignore their interdependence.
B)behave with little forethought.
C)do not take their businesses seriously.
D)act strategically.

Question

Figure 13-3
​ 
-The game theory approach to the analysis of oligopoly assumes that oligopolists
A)ignore their interdependence. 
B)behave with little forethought. 
C)do not take their businesses seriously. 
D)act strategically.

Quizplus · Accepted Answer

The game theory approach assumes that oligopolists act strategically, taking into account the potential reactions of their competitors. This assumption is central to the analysis of strategic behavior in oligopoly. The other answer choices are not accurate representations of the game theory approach.

Figure 13-3 ​

Figure 13-3