Answer:
firms anticipate rival firms' decisions when they make their own decisions.
Explanation:
Game theory assumes that firms anticipate rival firms' decisions when they make their own decisions. It is very important and necessary for understanding firms operating in an oligopolistic market.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
This ultimately implies that, under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
Answer:
Determination of activities,
Grouping of activities,
Allotment of duties to specified persons,
Delegation of authority,
Defining relationships, and.
The co-ordination of various activities.
Answer: A. A QR code that is scanned and decodes information directly on the phone
Explanation:
This is the best option as QR codes are usually inserted into print media to give more information about something when they are scanned. They can even be used to give discounts.
Human technology has not reached the point where either pop-ups, interactive content, or image projections can appear on print media so options B through E are wrong.
normal. This was fill in the blanks right? Next time you ask a fill in the blank question you should use underscores where the missing word is.
