Oligopoly is a market structure controlled by several companies, while game theory is an approach to analyzing the strategies taken by companies.
Oligopoly
An oligopoly market is a market dominated by a few companies
In an oligopoly market, competition is imperfect
In an oligopoly market, prices can be set higher than usual
In an oligopoly market, each firm's profits depend on the actions of other firms
In an oligopoly market, each oligopoly may be wary of the actions of other oligopolies
Game Theory
Game theory is an approach to analyzing the strategies a company takes
Game theory is used to find the best strategy in an activity
Game theory is arranged mathematically so that it can be accepted logically and rationally
Game theory is used to analyze the strategies taken by oligopoly companies in competition
In game theory, a company's decisions influence and are influenced by the decisions of other companies https://vipmeja.me/

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