Respond to the following questions:
a. Describe how the role of simulation can be used in capital budgeting. Provide some examples.
b. In game theory, explain why it makes a difference in a repeated game if the end of the game can be foreseen. Provide some examples.
c. Discuss how game theory can explain firm behavior that cannot be explained by traditional analysis.
Support your response with analysis. Initial response should be 400 words
You must use the text book as 1 of the 2 references
Managerial Economics
Chapter 9 & 11
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