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In economics, a game consists of:Group of answer choicesPayoffsRulesPlayersAll of the aboveA cricket bat, ball and a pitch of 22 yards.

Question

In economics, a game consists of:Group of answer choicesPayoffsRulesPlayersAll of the aboveA cricket bat, ball and a pitch of 22 yards.
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Solution 1

In economics, a game consists of:

  1. Players: These are the individuals or groups who are participating in the game. They make decisions that affect the outcome of the game.

  2. Rules: These are the guidelines that dictate how the game is played. They define what actions players can take, and when Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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