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Alika [10]
2 years ago
10

Game theory suggests that competing firms in an oligopolistic industry may be

Business
2 answers:
alina1380 [7]2 years ago
6 0

Game theory suggests that competing firms in an oligopolistic industry may be  reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.

<h3>What is Game theory?</h3>

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

Here are the options:

. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.

b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases

c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases

d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.

To learn more about game theory, please check: brainly.com/question/25746243

Law Incorporation [45]2 years ago
3 0

Game theory suggests that competing firms in an oligopolistic industry may be reluctant to price changes.

<h3>What do you mean by oligopoly?</h3>

An oligopoly is a form of market that is made up of a few large firms engaging in strategic behavior. An automobile is the best example of an oligopoly market.

A game theory suggests that competing firms in an oligopoly industry may be reluctant in changes the price because they can analyze that rivals can match the price cuts but generally ignore the increase in the prices.

Learn more about oligopoly here:

brainly.com/question/14093864

#SPJ4

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Option B                      

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The un-amortized debt discount can be defined as the difference between both the interest of a bond — the value of the bond at redemption — and the profits from the issuing company's sale of the bond, less than the amount currently amortised on the statement of profit and loss.

The authorizing agency may either agree to pay the full amount of the rebate or view the discount as a profit to be amortized. Some amount which has yet to be spent is alluded to as the reduction for un-amortized bonds.

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What is the benefit of employing an ethics officer?
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A. This professional serves as a law-enforcement officer, with the authority to arrest employees who do not abide by the ethics code.

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Answer:

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Less: Cost of goods sold                              <u>$135,000</u>

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3 years ago
When we compare the factors of production in wealthy and poor nations, we find: A. poor nations have plenty of land and knowledg
mafiozo [28]

Answer:

C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas

Explanation:

Factors of production includes:

1. Land - land includes all natural resources

2. Capital - includes machinery, tools used in the production of goods and services

3. Labour - includes all human effort expended in the production of goods and services

4. Entrepreneurship - coordinates all factors of production.

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On the other hand, rich countries have high literacy levels, so, they have an abundance of knowledge.

I hope my answer helps you

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