To economists, games:can involve one person or multiple people.require at least two people.are situations in which people act in another individual's interestare situations in which one player's outcome depends on another player's choices.
A)I and IV
B)II and IV
C)II only
D)I, III, and IV

Question

Quizplus · Accepted Answer

Games in economics typically involve strategic interactions where the outcome for one player depends on the choices of others, requiring at least two people.

To Economists, Games:can Involve One Person or Multiple People