Economists are more likely to use game theory to analyze a(n)
A) competitive market.
B) monopoly.
C) monopolistically competitive market.
D) oligopoly.
E) monopsony.

Question

Quizplus · Accepted Answer

Game theory is particularly useful in analyzing strategic decision-making among a few large firms in an industry, which is the defining characteristic of an oligopoly market structure.

Economists Are More Likely to Use Game Theory to Analyze