--%>

Game theory according to oligopolists

The game theory approach supposes that oligopolists: (w) do not maximize profit. (x) act strategically. (y) are actually monopolists in disguise. (z) maximize revenue.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Game Theory

  • Q : NOT including competition in

    Illustrations of cooperative games do not comprise: (1) collective bargaining, in which the firms and unions bargain over employment. (2) international treaties that regulate trade. (3) pure competition. (4) plea bargaining between prosecutors and def

  • Q : Application of game theory Within the

    Within the application of game theory, in that case the payoff is: (w) the game’s outcome. (x) the rival firm’s actions. (y) a consequence only of one firm’s actions. (z) is always uncertain. How

  • Q : Second Mover Advantage India asserts

    India asserts which this will begin disarming only after Pakistan begins to disarm. Policy of India reflects belief in: (1) mutually assured destruction. (2) second mover advantage. (3) predatory behavior. (4) accommodation. (5) single play strategy.

    Q : Example of positive sum games Happy

    Happy marriages are illustrations of: (i) mutual independence. (ii) specialization according to comparative advantage. (iii) positive sum games. (iv) the prisoners’ dilemma. (v) first mover advantages. I need a good answer on

  • Q : Different charging in Nash equilibrium

    Red Hat wants to increase the power of Linux to attract Windows users. Microsoft is planning Windows Minus, a weaker version to compete with Linux. Each can sell low, medium, or high powered versions of the new software, but each consequently must charge higher, mediu

  • Q : Problem about Asymmetric Information A

    A large firm knows own costs and the costs of its rival. However a smaller rival firm knows its own costs although is unaware of costs of larger firm. The larger firm is likely to gain due to: (1) industrial concentration. (2) a dominant strategy. (3) predatory practi

  • Q : Result of prisoners’ dilemma game When

    When Car Jacker knows about that Cat Burglar has connections inside the prison and will have him killed when he implicates Cat Burglar, the probable result of this prisoners’ dilemma game is that: (i) neither prisoner squeals and they each serve

  • Q : Problem on Nash equilibrium Alyssa and

    Alyssa and Ben are trying to decide where to go to the football game or to the play. But Alyssa prefers the play and Ben the ball game, although they’d prefer to do somewhat together. The Nash equilibrium is: (w) Alyssa goes to the play and Ben

  • Q : Example of a positive-sum game An

    An illustration of a positive-sum game could be: wa) trade between two countries according to the law of comparative advantage. (x) a robbery in which $1000 changes hands and no one is hurt. (y) a robbery in which $1000 changes hands and the mugger is

  • Q : Dominant strategies of Prisoners’

    The District Attorney has Car Jacker as well as Cat Burglar nailed for possession of stolen goods after a long crime spree. Now the DA separately offers them the options in this pay-off matrix. When these offers operate only once as well as both of them follow their <