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regina nana regina nana
wrote...
Posts: 502
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5 years ago
The manner in which one oligopolist reacts to a change in price, output, or quantity on the part of another oligopolist in the industry is known as

• the reaction function.

• a noncooperative game.

• a zero-sum game.

• a positive-sum game.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
the reaction function.
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