Fuzzy set underpinnings of oligopoly markets

This paper describes the natural links between fuzzy sets and oligopolistic markets. Fuzzy sets are used as a tool to define and describe oligopoly markets and to demonstrate quantitatively the uncertainty intrinsic to oligopolistic industries. The values of oligopolistic uncertainty are calculated by utilizing a fuzzy entropy measure. Significant distinctions between fuzzy results and the crisp number calculus are emphasized.<
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