In economic theory, payoffs are

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    outcomes that generate rewards or benefits for firms participating in a game.
     outcomes that maximize rewards and benefits for all firms participating in a game.
     the higher profits for firms that result from strategies implemented when participating in a game.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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outcomes that generate rewards or benefits for firms participating in a game.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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