Game theory is best suited to analyze the pricing behavior of

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Game theory, which is a mathematical approach to study decision making and strategy, is particularly useful to analyze the pricing behavior of oligopolists. In an oligopoly market structure, firms have a mutual interdependence and their decisions can significantly affect the behavior and profits of their competitors. The game theory can help to predict the possible outcomes in such an environment and identify the best strategy for each firm to maximize their profit. Therefore, the most appropriate choice is D - oligopolists.

Game Theory Is Best Suited to Analyze the Pricing Behavior