Game theory is concerned with
A) predicting the results of all companies in an industry
B) choosing of an optimal strategy in an industry
C) introducing cooperation in an industry
D) engaging in collusion in an industry

Question

Quizplus · Accepted Answer

Game theory provides a framework for analyzing strategic interactions between individuals or organizations. It aims to find an optimal strategy, taking into account the actions and reactions of other players. Therefore, option B, "choosing an optimal strategy in an industry," is the best choice. Options A, C, and D are not accurate as they do not reflect the main purpose of game theory.

Game Theory Is Concerned with