An analytical approach to considering the BEST action you can take in response to the actions of your rivals is called:
A)cost-benefit analysis.
B)econometric theory.
C)game theory.
D)monopolistic competition.

Question

Quizplus · Accepted Answer

Game theory involves analyzing and predicting the actions of others in strategic situations, and identifying the best course of action based on the expected outcome of each possible decision. This approach can help you make more informed decisions in response to the actions of your rivals, taking into account their likely responses to your own actions.

An Analytical Approach to Considering the BEST Action You Can