The study of how decisions are made when strategic interaction between firms exists is known as game theory.
The study of mathematical models of strategic interactions between rational beings is known as game theory. It has uses in computer science, logic, systems science, and all branches of social science.
The field of applied mathematics known as game theory offers methods for examining scenarios in which parties, or players, make interdependent decisions. Each player must consider the potential decisions or strategies of the other players because of their interdependence.
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Answer:
recruitment policy
Explanation:
A recruitment policy is a statement on how you hire. It outlines your company's preferred hiring practices and promotes consistency within your employee recruiting process
Answer:
Cartel, oligopoly
Explanation:
In this kind of market with little producers and little differenciation among the products there are no incentives for other companies to enter because of the barriers, so it's extremely likely that if one of them reduces their prices this industry can't generate economic profits.