Game theory can be used for studying which of the following types of market structure?
A) monopoly
B) monopolistic competition
C) oligopoly
D) perfect competition
Question 2
If there is surplus of a good, then the quantity demanded ________ the quantity supplied and the price will ________.
A) is less than; rise
B) is less than; fall
C) is greater than; rise
D) is greater than; fall