Author Question: Game theory is a separate model of oligopoly therefore it is of limited value when trying to ... (Read 18 times)

clippers! · **on:** Jun 30, 2018

Game theory is a separate model of oligopoly therefore it is of limited value when trying to generally understand firm level behavior
a. True
b. False

Question 2

We may see government supply social work internally rather than through private firms because
a. it is a public good
b. it is difficult to monitor the quantity and quality of social work provided
c. private firms would seek to cover their costs
d. a government bureau would maximize its budget
e. there is a great demand for such services