In economic theory, a game is defined as

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    a situation in which firms make decisions that take into account each others actions and responses..
     a series of production decisions amongst firms that lead to higher and higher profits.
     a situation in which firms make decisions that will maximize their profits at the expense of other firms profits..
     a situation in which firms make decisions that minimize total cost and maximize output levels.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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a situation in which firms make decisions that take into account each others actions and responses..
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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