The study of how people (or firms) behave in strategic situations is called:
A. cost-benefit analysis.
B. recursive analysis.
C. normative economics.
D. game theory.
Answer: D
Economics
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____________are generally associated with labor and raw materials.
Fill in the blank(s) with the appropriate word(s).
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________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business
A) Deliberate dumping B) Ravaging dumping C) Voracious dumping D) Predatory dumping
Economics