While game theory is useful in analyzing the behavior of individual oligopolists, it does not apply to the behavior of nations that are engaged in competitive behavior.

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Quizplus · Accepted Answer

Game theory is applicable to a wide range of competitive situations, including the behavior of nations engaged in strategic interactions such as trade negotiations, military conflicts, and diplomatic relations, making it a valuable tool in international relations and political science.

While Game Theory Is Useful in Analyzing the Behavior of Individual