Game theory is used in a number of areas in economics.What is the primary reason that it is used in analyzing oligopoly type market structures?
A) The firms are producing a similar product
B) The firms are producing differentiated products
C) The demand curve facing the oligopolistic firms is perfectly inelastic
D) The mutual interdependence of firms in industries with a small number of firms
E) The demand curve the oligopolistic firm faces is downward sloping
Correct Answer:
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