Which of the following economists did not help to develop game theory analysis

Which of the following economists did not help to

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41) Which of the following economists didnothelp to develop game theory analysis? A) Oskar MorgensternB) John NashC) John von NeumannD) Adam SmithAnswer: D41)Diff: 1Page Ref: 463/463Topic: Game TheoryLearning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies inoligopoliesAACSB:10
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42) A set of actions that a firm takes to achieve a goal, such as maximizing profits, is called 42)Diff: 1Page Ref: 463/463Topic: Business StrategyLearning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies inoligopoliesAACSB: Reflective Thinking 43) All of the following are characteristics of game theoryexcept 43)Diff: 2Page Ref: 463/463Topic: Game TheoryLearning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies inoligopoliesAACSB: Reflective Thinking 44) A market comprised of only two firms is called a 44)Diff: 1Page Ref: 463/463Topic: Characteristics of OligopolyLearning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies inoligopoliesAACSB: Reflective Thinking 45) Suppose we want to use game theory to analyze how an oligopolist selects its optimal price. Thecells of the payoff matrix show A) the profit that each producer can expect to earn by pursuing a single strategy.B) the profit that each producer can expect to earn from every combination of strategies by thefirms in the market.C) the expected profits of rival firms.D) the strategy that a firm must pursue to earn various levels of profit.Answer: B45)Diff: 2Page Ref: 463-464/463-464Topic: Payoff MatrixLearning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies in oligopolies AACSB: Reflective Thinking 11
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