Game theory provides a framework for studying:

Question

Quizplus · Accepted Answer

Game theory is particularly useful in analyzing strategic behavior in oligopolistic markets, where a few firms compete against each other and have the ability to affect market outcomes. It helps to understand how these firms interact, make decisions, and anticipate the reactions of their rivals. Therefore, option D is the correct choice as it refers specifically to the application of game theory in analyzing oligopoly markets.

Game Theory Provides a Framework for Studying