Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of
Fantastic news! We've Found the answer you've been seeking!
Question:
"Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics." -- George Reisman
How does this quote deal with oligopolies and how they compete, and especially how does it affect game theory as well as how they price their products?
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
Posted Date: