The game theory takes into consideration:

A. Reaction of rival firms

B. Reactions of people

C. No reaction of rival firms

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Efficient allocation of resources is likely to be achieved under:
  2. Normal profits are considered as:
  3. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  4. Time Preference Theory of Interest was presented by:
  5. 4.The Law of Diminishing Returns according to the modern view, applies to:
  6. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  7. In monopoly and perfect competition, TC curves are:
  8. In modern theory, LAC = LMC after the attainment of:
  9. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  10. Which form of market structure is characterized by interdependence in decision-making as between the…
  11. In joint-profit maximization cartel, central agency sets the:
  12. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  13. MC is given by:
  14. Consumer surplus is the difference between
  15. The study of economics just in theoretical way is called:
  16. The firm is said to be in equilibrium when the difference between revenue and cost is:
  17. Along an isoquant, output remains same, and capital labor ratio:
  18. The sufficient condition of firms equilibrium requires:
  19. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  20. The greater the percentage of income spent on a commodity:
  21. A firm can never produce in the middle area of input space, in case of:
  22. Theory of revealed preference is based on:
  23. We can find total utility by:
  24. The general markets results from the imposition of price ceilings has been:
  25. Ordinal approach includes arranging:
  26. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  27. According to translog production function, elasticity of substitution is:
  28. The number of sellers in duopoly is:
  29. If the price of a product falls which of the following would occur?
  30. If the slope of the isoquant is equal to the slope of isocost, then isoquant is: