How many sellers/firms is a few? When Mankiw says “interdependent” he is referring to “strategic decision making
Class – How many sellers/firms is a few? When Mankiw says “interdependent” he is referring to “strategic decision making.” How would you define “strategic decision making?” How does game theory relate to strategic decision-making? (100 words)
Class – What questions and/or comments do you have on the differences between the market structures of perfect competition and monopoly? What real-world examples do you have of those differences? (100 words)
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A few firms or sellers would mean that the number of available sellers is enough so that the decision of one of those sellers does not have any impact on the existing market prices. In my opinion, strategic decision making refers to the continuous……………………………..
APA
252 words
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