Question:
6. Which of the following circumstances does not involve game theory? A) A local gas station owner wondering how his competition across the street will react to his decision to lower prices. B) Negotiating a salary when two firms have made offers. C) Deciding whether to have an extramarital affair. D) Firm behavior in a perfectly competitive market. E) Playing poker.
Author: Gonza RAnswer:
D) Firm behavior in a perfectly competitive market.
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