Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other?
A) Predatory pricing
B) Game theory
C) Prisoner's dilemma
D) Cross-market retaliation

Question

Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other? 
A) Predatory pricing 
B) Game theory 
C) Prisoner's dilemma 
D) Cross-market retaliation

Quizplus · Accepted Answer

Game theory is a branch of mathematics and economics that studies the strategic interactions between two or more parties involved in a situation where the outcome depends on the choices of all involved parties. It can be used to analyze and predict behaviors in various scenarios, such as in business, politics, and sports.

Which of the Following Is a Theory That Studies the Interactions