The point of __________ is to get companies to think about the broader market, rather than only optimizing their own needs.This can avoid price wars.
A) conjoint analysis
B) game theory
C) elasticity
D) competition

Question

Quizplus · Accepted Answer

Game theory is used to understand the strategic interactions between companies, encouraging them to consider the broader market and the actions of competitors, which can help avoid price wars.

The Point of __________ Is to Get Companies to Think