This statement is true.
In a market with a small number of sellers, known as an oligopoly, each seller's decisions have an impact on the outcomes of the other sellers.
Although there isn't a single theory to explain oligopoly, economists will occasionally employ a model known as the prisoner's dilemma to explain how oligopolistic market outcomes arise.
The prisoner's dilemma is a "game" that illustrates the advantages and dangers of cross-pollination among oligopolistic businesses.
A Nash equilibrium results from a prisoner's dilemma, where each player performs the best they can given what the other players are doing.
Oligopolist businesses frequently face the prisoners' dilemma, where they must choose between engaging in aggressive market-capture competition at the detriment of their rivals or engaging in "cooperation" and coexisting with the rival with the market share they already control.
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Answer:
Directed at highly specific forms of crime. That involve the management, design or manipulation of the immediate environment in as systematic and permanent a way as possible. So as to reduce the opportunities for crime and increase the risks as perceived by a wide range of offenders. Situational prevention rests on the idea that it is possible to make changes in the environment that will make offending less attractive to potential offenders.
Explanation:
Answer:
conflict theory: A social science perspective that holds that stratification is dysfunctional and harmful in society, with inequality perpetuated because it benefits the rich and powerful at the expense of the poor.
Does this help?
Answer: Voluntary
Explantion:
