Game Theory Is Useful for Understanding Oligopoly Behavior Because

Multiple Choice

Game theory is useful for understanding oligopoly behavior because:

A) there are so many firms in an oligopoly that all are price takers.
B) firms must differentiate their products if they are to remain in business.
C) firms recognize that because there are only a few firms mutual interdependence is important.
D) without it firms would not be able to maintain cartel agreements.
E) it allows firms to develop greater monopoly power.