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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 10: Monopolistic Competition and Oligopoly
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    One Common Assumption in Game Theory Is That Firms
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One Common Assumption in Game Theory Is That Firms

Question 223

Question 223

Multiple Choice

One common assumption in game theory is that firms


A) try to avoid the worst outcome
B) try to achieve the best outcome
C) minimize losses
D) always cooperate
E) always compete

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