two or more people related by birth, marriage, or adoption who live in the same housing unit
Answer:
competition
Explanation:
team members be competing against each other
Answer:Christie's 2020 gross income= $172,000
Explanation:
According to IRS, under the tax benefit rule Amount of punitive damages and amount of recovered medical expenses is to be added to gross income, $240,000 for the loss of future income of will not be included.
Therefore we have that
Christie's 2020 gross income=Punitive damages + Recovered medical expenses = $160,000 + $12,000 = $172,000
Answer:
The study of decision making in situations where strategic interaction occurs between rivals.
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Game theory is usually practiced by firms in an oligopoly
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
