Ayushi posted an Question
August 10, 2020 • 23:39 pm 30 points
  • UGC NET
  • Economics

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 ma

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 they will aim at maximization of profits.

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