For this assignment, you will write a paper on how game theory can be applied in the oligopoly market of your choice. Select a game theory, and apply it to an industry. For example, you might choose to explain a fluctuation in the price of oil or address pricing and competition in the airline industry, the mobile phone industry, or any other industry of your choice. Include the following in your paper. Name the industry. Identify the structure of the industry. Describe the performance of the industry during the past three years. Indicate a game theory and a major decision the industry might make based on that theory. Use a decision tree or payoff matrix to show players, strategy, and payoff (you can use hypothetical numbers). Apply the Nash equilibrium, and identify a dominant strategy involved, if one is in play. Discuss if a player can change the game to his or her advantage. Your paper must be a minimum of two pages in length. Use APA style format when writing your paper, including citations and references for any sources used.
Application of Game Theory- The topics for this unit were oligopoly and game theory
In this assessment task, the learner is required to draft a document on “How game theory can actually be applied in the oligopoly market of choice”. Include all points which are mentioned in the question paper. The length of the paper should be minimum of two pages. You must utilize APA style format including the necessary citations and references from relevant sources.
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The game theory is actually a multi disciplinary technique for studying the behaviour of human beings. This is being commonly utilized in the subjects like social science, economics as well as the mathematics. It is the study of mathematical models which are used for strategic decision making. Since topics of game theory are bit complex, learners sometimes face difficulty in writing the subject papers. Our company delivers robust and top class Application of Game Theory- The topics for this unit were oligopoly and game theory project help to the customers. In fact, our game theory homework assistance is extremely popular among the learners worldwide. Our experts have proficiency in multiple of the areas and provide high quality and timely solutions with the subject homework and assignments online. Our team ensures that all your work is completed in the most accurate and highly professional manner. We deliver you timely solutions for all your subject papers. Connect to our experts today.