problem can solve by game theory

Economics
Tutor: None Selected Time limit: 1 Day

hello 

i need to know a problem can be solved by the game theory :)

thank you 

Sep 28th, 2014

Thank you for the opportunity to help you with your question!

An example that combines features above is a country that specializes in the production of high-tech knowledge products, as developed countries do, and trades with developing nations for goods produced in factories where labour is relatively cheap and plentiful, resulting in different in opportunity costs of production. More total output and utility thereby results from specializing in production and trading than if each country produced its own high-tech and low-tech products.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 13th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Sep 28th, 2014
...
Sep 28th, 2014
Dec 5th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer