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Q. In oligopoly:

Q. In game theory, a choice that is optimal for a firm no matter what its competitors do is referred to as

Q. CES production function is

Q. In general, a steeper supply curve is more likely to be

Q. If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is

Q. Which of the following would cause a demand curve for a good to be price inelastic?

Q. A game that involves multiple moves in a series of identical situations is called a

Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:

Q. In cartels

Q. Which one of the following is a part of every game theory model?