Ayushi Asked a Question
August 10, 2020 6:09 pmpts 30 pts
26. What does the Game Theory assume ? 1) The rival form mostly adopts a strategy which is unfavorable for the other (2) The rival irm makes effort for sales maximization 13) No alternative choices are available to the firms 14) q 14) The firms aim at profit maximization
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  • Nidhi taparia Best Answer
    The correct answer is (4). As a general rule, game theory always assumes that players will aim to maximize their payoffs. In the specific case of theory of firms, it is clear that ...
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