Author Question: The term strategy in terms of game theory refers to a. the relationship between price and marginal ... (Read 66 times)

kamilo84 · **on:** Jun 30, 2018

The term strategy in terms of game theory refers to
a. the relationship between price and marginal cost
b. the relationship between individual firm demand curves and the market demand curve
c. each firm's game plan in making decisions
d. the interrelationship between price and marginal revenue
e. the tendency for collusive firms to generate normal profits

Question 2

Some pollution occurs because property rights to some resources are well defined.
a. True
b. False