Economics · Oligopoly and Game Theory
A firm is said to be engaged in strategic behaviour when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1it considers the potential reactions of its partners when it takes decisions.
- 2it considers the potential reactions of its competitors when it takes decisions.✓
- 3it follows a price leader.
- 4it is engaged in a collusion.
Correct answer
it considers the potential reactions of its competitors when it takes decisions.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Oligopoly and Game Theory MCQs →Want more practice questions on Oligopoly and Game Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Oligopoly and Game Theory