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 corret GRAMMER DANGGG
Explanation:
Answer:
Stereotype Replacement
Explanation:
Stereotypes are widely held beliefs about a person or thing that may not be true. Stereotype replacement is the act of replacing an automatic stereotype about a person or thing with a new automatic response that is not stereotyped. For example, a child says, "I got a new car for my graduation!" Then the listener says, "Wow! That's good news. Your dad has done well." Then the child says, "No, my mom bought the car." The listener senses that he had an automatic stereotyped response because he believed that fathers are the main providers and only a father will buy a car for his child.
The listener corrects this response by replying with a new non-stereotyped response.
I am not sure but hope this helps
