In the text, game theory is used to analyze:
A) strategic interaction between governments.
B) strategic interaction between firms.
C) typical interaction between governments.
D) strategic interaction between consumers and firms.

Question

Quizplus · Accepted Answer

The text specifically states that game theory is "a tool used to analyze strategic interaction between firms, including competitive behaviors such as price setting and collusion." No mention is made of governments, consumers, or typical interaction.

In the Text, Game Theory Is Used to Analyze