Contracts made by firms in cooperative games are:

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Contracts made by firms in cooperative games are:

A. Biased

B. Binding

C. Not binding

D. Conditional

Cooperative Game? There are two main branches of game theory i.e. cooperative games and non-cooperative games. A game in which players can enforce contracts through third parties is a cooperative game. A game is cooperative if the players are able to form binding commitments. For instance the legal system requires them to adhere to their promises. A cooperative game is a game where groups of players (coalitions) may enforce cooperative behavior, hence the game is a competition between coalitions of players, rather than between individual players. An example is a coordination game, when players choose the strategies by a consensus decision-making process.}

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The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like industry demand curve in:

A. Monopolistic competition

B. Imperfect competition

C. Monopoly

D. Perfect competition

Contracts made by firms in cooperative games are:

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