An analytical framework used in the analysis of strategic choices is:
A) the tacit supply curve model.
B) game theory.
C) perfect competition.
D) risk assessment.

Question

Quizplus · Accepted Answer

Game theory is a widely used analytical framework in the analysis of strategic choices as it helps in understanding how the actions of one firm affect the actions of other firms in the same market. It allows managers to analyze the possible strategies of their competitors and determine their optimal move based on the predicted outcome of the game.

An Analytical Framework Used in the Analysis of Strategic Choices