Economists Use Game Theory to Predict the Behavior of Oligopolists

Multiple Choice

Economists use game theory to predict the behavior of oligopolists.Which of the following is crucial for the success of the analysis?

A) Make sure the payoffs reflect the true payoffs of the oligopolists.
B) Determine whether the oligopolists move simultaneously or sequentially.
C) Determine whether the problem considered is of a one-shot or a repeated nature.
D) All of the statements associated with this question are correct.