In which of the following situations is an organization most likely to use game theory?
A) The organization has a monopoly in its industry.
B) The organization competes against a limited number of rivals in its domain and they are highly interdependent.
C) The organization produces customized products for its customers and operates in a stable environment.
D) The organization produces and sells commodities and competes against a large number of rivals.

Question

Quizplus · Accepted Answer

Game theory is most useful in situations where there are interdependent players with conflicting interests, such as in a competitive market where each player's actions affect the others. Option B aligns with this scenario, as the organization competes against a limited number of rivals in its domain and they are highly interdependent.

In Which of the Following Situations Is an Organization Most