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Business, 11.03.2020 04:26 zlyzoh

Using game theory to understand oligopolies is appropriate because much of microeconomics is a game anyway.

a. the firms in oligopoly are extremely independent of each other.
b. the firms are often regulated by the government.
c. the firms tend to be mutual interdependent in pricing decisions.
d. oligopolies never collude on pricing decisions.

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