When firms are faced with making strategic choices in order tomaximize profit. e

Question

When firms are faced with making strategic choices in order tomaximize profit. economists typically use a.the theory of monopoly to model their behavior b.the theory of aggressive competiion to model theirbehavior c.game theory to model their behavior d.cartel theory to model their behavior When firms are faced with making strategic choices in order tomaximize profit. economists typically use a.the theory of monopoly to model their behavior b.the theory of aggressive competiion to model theirbehavior c.game theory to model their behavior d.cartel theory to model their behavior

Explanation / Answer

C. Game theory to model their behavior.

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